Through its subsidiary Aerodom, French firm Vinci has been the concessionaire of six airports in the Dominican Republic since 2016 – Santo Domingo, Puerto Plata, Samaná, La Isabela, Barahona, and Arroyo Barril.
Under the extended concession contract, from 2030 to 2060, Vinci Airports will be responsible for financing, operating, maintaining, developing and upgrading the modernisation of the airports under concession. It will build and operate a new passenger terminal at Santo Domingo Airport and continue to implement its environmental action plan, including expansion of solar power plants and deployment of wastewater treatment plant as well as waste sorting centres.
An upfront payment of $775m ($300m immediately and $475m at financial close of the first half of 2024) will be made by Aerodom to the Dominican state, while the company will also invest $830m in the airports’ infrastructure throughout the concession period, including $250m for the new terminal to be built in Santo Domingo.
The long-term extension underlines the success of Vinci’s first airport concession in the Dominican Republic, which saw the company modernising passenger terminals, opening a new cargo terminal in Santo Domingo in 2020, and developing several solar plants.
