Cape Verde: VINCI’s concession for seven airports begins – a model for Africa?
VINCI Airports' 40-year concession on Cape Verde's airports will direct and focus attention on the tiny West African nation in the Atlantic Ocean and could become a model for the further privatisation that the regional Airport Council International directorate craves for the continent as a whole.
For any privatisation to succeed, the foundations have to be in place. For the most part that is the case in Cape Verde, where regulation, open skies, a secure economic base, political stability, tourist facilities and visitor demand provide the best possible catalyst for an investor and operator like VINCI.
Although visitor numbers and tourism projections have undoubtedly driven VINCI's investment in Cape Verde, it would do well to remember that it is not all about tourism. There are sustainability safeguards written into the contract, and a sustainability-linked financing deal that is a first for all the parties.
And the indigenous population and Cape Verde's widely dispersed diaspora must not be overlooked, either.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.