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NEWS Last modified on January 6, 2014

European Investment Bank to lend €80 million for Zagreb Airport expansion

The European Investment Bank (EIB) is lending €80 million to finance the expansion of Zagreb Airport in Croatia.

The project will see the design and construction of a new passenger terminal building and is the first EIB development under Public-Private-Partnership (PPP) financing in the Western Balkans.

In December, the 30-year concession for MZLZ for construction work on the new terminal reached a financial close.

EIB funds will finance phase one of the expansion, involving the building of a new 65,000 m2 passenger terminal and associated landside and airside infrastructure.

EIB vice president, Dario Scannapieco, says: “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 rest of Europe.”

Ownership of MZLZ is as follows: Aéroports de Paris Management 20.77% (a wholly-owned subsidiary of Aéroports de Paris), Bouygues Bâtiment International, 20.77%, Marguerite Fund, 20.77%, IFC, 17.58%, TAV Airports, 15.0%, and Viadukt, 5.11%.

The €331 million project, includes €243 million for the design and construction of the new terminal and €88 million for the maintenance of the airport infrastructure over the period of the concession.

The existing passenger terminal will remain in operation until the new one becomes operational.

Once completed, which is expected to be at the end of 2016, the terminal capacity of Zagreb will increase from about 1.5 million to five million passengers per annum.

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