Origin Country
São Tomé & Príncipe

airport deal

São Tomé & Príncipe - São Tomé

Operator // Government of São Tomé & Príncipe

Overview

Overview

São Tomé and Príncipe has  announced a  EUR300mn modernisation of its main airport, set to begin this year. José Cavalho de Rio, Minister of Infrastructure and Natural Resources and Ginésio da Mata, Minister of Planning and Finance, has signed the contract to upgrade and modernise the airport with FB Airport STP of the Turkish FB Group. 

Government authorities say the work will improve passenger terminals, cargo terminal, VIP lounges, catering and car parks. De Rio says the project will “revolutionise and bring a new dynamic to the domestic economy” for the country. The Minister also said passenger capacity will hit 500,000 in the first phase and increase by 500,000 with each of the subsequent two phases.

FB Group said the project was a “complete overhaul” that included expansion and rehabilitation of existing aprons, as well as runway and taxiway rehabilitation, and said it will use a build-operate-transfer model with a 49-year concession.

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Movements

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Cargo (tonnes)

Included Airports

Airports

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São Tomé & Príncipe

1 airport

Transaction Stage

Stage

Stage 1 — Complete

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Complete

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — In progress

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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