France's Minister for Transport Élisabeth Borne announced the government plans to terminate the concession contract signed in 2010 between the state and VINCI Airports covering operation of Nantes Atlantique Airport (AFP/Les Échos, 26-Jun-2018). The contract also covered construction and operation of Nantes Notre-Dame-des-Landes Airport (NDDL), as previously reported by CAPA. Ms Borne said the decision was a "logical consequence" following the abandonment of the NDDL project in Jan-2018. Ms Borne said the termination will enter into effect upon signing of a new concession contract in order to "assure the continued operation of the airport", with a new contract allowing for scheduled airport renovations works to proceed in early 2021. Ms Borne noted compensation discussions with VINCI have been held since Jan-2018, with compensation due to contract termination reportedly estimated at around EUR200 million (Le Télégramme, 26-Jun-2018). VINCI Airports currently holds an 85% stake in Nantes Airport, according to CAPA data.
France's govt to terminate Nantes Airport concession contract signed with VINCI Airports
27 June, 2018