Vinci Airports has signed a  €120 million ( US$142 million ) non-recourse financing for the further development and upgrade of the seven airports in Cape Verde.

The sustainability-linked financing is being provided by three development finance institutions: International Finance Corporation ( IFC ); Deutsche Investitions- und Entwicklungsgesellschaft MBH ( DEG ), and The Emerging Africa & Asia Infrastructure Fund ( EAAIF ), a Private Infrastructure Development Group ( PIDG ) company managed by Ninety One. Vinci Airports was advised by Orrick.

The debt package expands on the first phase of financing completed in 2023. Vinci  Airports secured a 40-year concession for the financing, operation, maintenance, extension, and modernization of the Cape Verde airports in August 2022, alongside its Portuguese subsidiary, ANA-Aeroportos de Portugal. 

IFC and DEG also participated in the 2023 financing, while EAAIF’s participation marks a milestone in expanding the lending syndicate ( and the first time that EAAIF has financed airports through a sustainability-linked facility ). Société De Promotion Et De Participation Pour La Coopération Économique S.A. ( Proparco ) also joined the 2023 financing.  

Vinci Airports is the world’s leading private airport operator with more than 70 airports operating in 14 countries and eight capitals. 

Cape Verde is an archipelago nation in the central Atlantic Ocean, about 650 kilometres off the west coast of Africa, near Senegal.