By Patrick Costello

Vinci SA (DG.FR) said Tuesday that Vinci Airport's ANA subsidiary signed an agreement with the Portuguese government to finance the expansion of Lisbon's airport capacity.

Under the agreement, ANA, the operator of 10 airports in Portugal, will invest 1.5 billion euros ($1.72 billion) by 2028, of which EUR650 million will be put toward an extension of the existing Lisbon airport, Vinci said.

ANA will also invest EUR500 million in the opening a new civil airport in Montijo, Vinci said. Another EUR156 million will be invested to compensate the Portuguese Air Force and contribute to access works in Humberto Delgado and Montijo, the French concessions and construction company added.

The project will be entirely financed by the private sector, in line with the Portuguese government's original plans, Vinci said.

Write to Patrick Costello at Patrick.Costello@dowjones.com.

(END) Dow Jones Newswires

January 08, 2019 12:29 ET (17:29 GMT)

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