PROJECT

Projects

Summary of Investment Information

Project Number

51098

Company Name

CABO VERDE AIRPORTS S.A.

Date SPI Disclosed

Sep 8, 2025

Country

Cabo Verde

Region

Africa

Projected Board Date

Oct 20, 2025

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 12, 2026

Department

Regional Industry - INF Africa

Industry

other

Previous Events

Approved : Oct 23, 2025
Signed : Dec 3, 2025
Invested : Jan 8, 2026

Sector

Airport Operations

Additional Project Attributes

Public-Private Partnerships

Project Description

The Project consists of the financing of the second development phase of the seven airports in Cabo Verde currently operated by VINCI-owned Cabo Verde Airports S.A. (CVA or the Concessionaire) under a 40-year concession (the Project or Phase 1-B). CVA took over the airports' operations from the former public operator ASA on 24-Jul-2023, upon the achievement of Concession Commencement Date (CCD) under the Project's Concession Agreement (CA) signed between CVA and the government of Cabo Verde (GoCV or the Grantor) on 18-Jul-2022. At CCD, CVA launched the first development phase for the airports (Phase 1-A). Phase 1-B was triggered under the CA on 2-Jan-2025 (the Investment Trigger Date), after the airports' annual traffic of 3.0 million pax in 2024 exceeded the level of 2.8 million pax reached in 2019 before the COVID-19 pandemic. The scope for Phase 1-B includes works to improve and expand passenger terminals, the extension of the runway at one of the international airports, and environment-related investments to optimize utility costs.            

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation