Consortium of six Portuguese companies wants to build new Lisbon airport

11 September 2006

Lisbon, Portugal, 11 September – Six Portuguese companies, led by Brisa and construction company Mota-Engil will compete for the tender for the privatization of public company Aeroportos de Portugal (Ana) and build the new airport located at Ota, the companies said Friday in Lisbon.

The group also includes Portugal’s three largest banks (Caixa Geral de Depósitos, Millenium BCP and Banco Espírito Santo) and construction company Somague.

In a statement filed with Portuguese stock market regulator, CMVM, Brisa and Mota-Engil said that an agreement had been signed by the six companies to set up a consortium.

Brisa and Mota-Engil will lead the project, with equal stakes of 26.25 percent each and the banks will have a stake of 10 percent each while Somague will take the remaining 17.5 percent.

The Portuguese government announced in February it intended to privatize or grant the concession for Aeroportos de Portugal, but said that this option would depend on the model chosen for the new Lisbon airport, which is due to be chosen this month.

Financing of the new project is expected to be 70-percent provided by private investors, with the remainder coming from EU funds and national public funding, according to figures from Ana – Aeroportos de Portugal.

Ana, which manages the airports of Lisbon, Oporto, Faro, POnta Delgada, Horta, Santa Maria and Floires, posted profit of 32.4 million euros in 2005, representing year on year growth of 4.0 percent.

In 2005 Ana dealt with 20.3 million passengers, 221,900 aircraft movements and 126,152 tons of cargo. (macauhub)