EIB supports Zagreb Airport expansion PPP project with EUR 80 million

The European Investment Bank (EIB) is lending EUR 80 million to finance the expansion of Zagreb Airport in Croatia, comprising the design and construction of a new passenger terminal building. This is the first EIB project developed under Public-Private-Partnership financing in the Western Balkans.EIB Vice-President Dario Scannapieco stated: “EIB funds – granted under an innovative PPP financing scheme – will help to extend Zagreb Airport, providing additional capacity to alleviate the existing congestion and better accommodate the expected traffic growth in the future. Zagreb Airport is not only the most important airport in Croatia, but thanks to its location at the crossroads of priority Pan-European Transport Corridors V and X, it represents a gateway between the Western Balkans and the rest of Europe.”

The Project’s Concessionaire for 30 years and Borrower is “Medjunarodna zracna luka Zagreb d.o.o”, a special purpose vehicle incorporated in Croatia, owned by “ZAIC-A Limited”, a special purpose company jointly owned by Bouygues Bâtiment International, Aéroports de Paris Management, TAV Havalimanlari Holding A.S, International Finance Corporation, Marguerite Fund and Viadukt d.d.

EIB funds will finance phase 1 of the expansion of Zagreb Airport, involving the construction of a new 65,000 m2 passenger terminal and associated landside and airside infrastructure. The existing passenger terminal will remain in operation until the new one becomes operational. After its completion the terminal capacity of the airport will increase from about 1.5 million to 5 million passengers per annum.