AdP approves investment programme

Andrew Pentol

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Aéroports de Paris is to invest €2.5m ($3.2m) over the next five years with an emphasis on quality of service

Aéroports de Paris (AdP) has approved a €2.5m ($3.2m) investment programme relating to the group’s regulated activities, which is scheduled to run from 2009 to 2013. The plan was first presented to the Paris Charles de Gaulle (CdG) and Paris Orly airports’ Economic Advisory Committee on December 3 2008. Planned investments include the merger of terminals 2A and 2C at CdG, which will create a central space with new retail areas where service is scheduled to begin in the second half of 2011.

The sum also includes investments relating to property diversification to 2010 as current regulations mean diversification activities will be removed from the regulatory scope from 2011. The 2009–2013 programme will cover investments as part of the Economic Regulation Agreement (ERA) for the years 2009 and 2010. It will also include proposed investments for the years 2011–2013, subject to final AdP proposals and approval as part of ERA negotiations relating to the period 2011–2015.

While the 2006–2010 investment programme—which is making “satisfactory progress”, according to the company—is focused on capacity investment, the 2009–2013 equivalent will concentrate on quality of service. It will include the completion of the final phase of renovation work at CdG T1 by March 2009, renovation of CdG T2B and the start of a €254m ($324m) property development programme. The construction of the €560m ($714m) CdG satellite terminal four (not including the baggage sorting system),the extension of baggage sorting capacity and the future of CdG T4 are also included in the programme.

AdP has indicated it will adapt its investment plan according to demand and traffic.