2025 Universal Registration Document

Concessions

DEVELOPMENT AND RECENT PROJECTS 
Portugal

At the request of the Portuguese authorities, VINCI Airports, through its subsidiary ANA, launched preliminary studies for building a new airport in Alcochete, near Lisbon. A new milestone was reached with the consultation of stakeholders, the resulting adaptation of the project and a positive response from the concession grantor to launch the preliminary design.

United Kingdom

In 2025, the UK government gave its final approval for the project to use the second runway at London Gatwick airport for take-offs. Once completed, this project will significantly contribute to the attractiveness and economic development of south-east England and, more broadly, offer new growth opportunities for the British economy. The project, fully financed by private funds, is expected to generate 14,000 jobs and £1 billion a year in economic value, by increasing the airport’s capacity to 80 million passengers a year over the next decade.

PROGRAMME MANAGEMENT AND MODERNISATION OF INFRASTRUCTURE

In 2025, VINCI Airports accelerated the implementation of investment programmes as part of its concession contracts. Works to modernise its airports, increase their capacity and improve service quality are carried out alongside solutions to reduce their environmental footprint.

  • In the United Kingdom, VINCI Airports inaugurated the extension of the Belfast International terminal, the first phase in a £100 million five-year investment plan. New-generation equipment installed in the security hall allows passengers to leave liquids and electronics in their hand luggage, while the extension also includes a new, 1,600 sq. metre duty-free area and improvements in the arrivals zone, with a new external forecourt. As Northern Ireland’s busiest airport, Belfast International plays an important role in the local economy and tourism. At London Gatwick, VINCI Airports is working on the extension of Pier 6, electrification of the airside vehicle fleet, installation of new scanners and modernisation of the North and South terminals.
  • In Serbia, VINCI Airports delivered the extension of the Belgrade airport terminal in 2025 and launched a new programme of extension works.
  • In Portugal, VINCI Airports completed modernisation of Terminal 2 at Lisbon airport, aimed at increasing its capacity and improving passenger comfort.
  • In Brazil, VINCI Airports completed several works programmes at Salvador Bahia airport, with renovation of the food court in the passenger terminal and delivery of four commercial warehouses and a building catering for subcontracting companies.
  • In Mexico, where in 2022 VINCI Airports became the lead shareholder in OMA, the concession company operating 13 airports in central and northern Mexico, 2025 saw the start of a new programme of investment and service quality improvements through the new five-year master development programme, which took effect at the beginning of 2026.
  • In the Dominican Republic, VINCI Airports inaugurated a new freight terminal and launched construction of an international terminal in Santo Domingo.
  • In Chile, VINCI Airports completed modernisation works at Santiago airport, including extension and renovation of the domestic terminal. The $60 million investment has increased the capacity of the terminal, which can now accommodate up to 20 million passengers, thereby responding to the 56% increase in domestic passenger traffic since VINCI Airports took over management of the airport in 2015. Thanks to these programmes, the domestic terminal has become Chile’s largest connectivity hub. With more than $1 billion invested since 2015, significant works – primarily carried out by VINCI Construction Grands Projets – and smooth collaboration with Groupe ADP, VINCI Airports’ partner in the Nuevo Pudahuel consortium, Santiago has become a world-class airport. In addition to its new international terminal, modernised domestic terminal and total capacity doubled to 40 million passengers, it offers optimised operational efficiency, a reduced environmental impact and an improved passenger experience.
  • In Japan, VINCI Airports completed the modernisation and extension of Terminal 1 at Kansai International airport. These works have increased the terminal’s capacity to 40 million passengers a year, while offering an enhanced passenger experience including, in particular, the largest walk-through duty-free store in Japan. VINCI Airports has also introduced innovations to reduce waiting times – 95% of passengers pass through security controls in less than five minutes. The airport was one of Japan’s main gateways to the Osaka World Expo, which attracted 27 million visitors.
  • In Cabo Verde, where VINCI Airports took over operation of the country’s seven airports under a 40-year concession contract in 2023, modernisation works continued in all the archipelago’s airports.