The Bellova consortium has signed a €190 million ( US$205.93 million ) loan to support its takeover of the Paris-Beauvais airport concession.

The company is owned by a consortium of sponsors comprising Egis, Serena Industrial Partners, Bouygues Construction, Aéroports de la Côte d’Azur and TIIC.

Société Générale acted as structuring bank and mandated lead arranger, leading a syndicate of French and international banks. Watson Farley & Williams advised the lenders.

On September 30 2024, Bellova signed the concession contract with the Syndicat Mixte de l’Aéroport Beauvais-Tillé ( Smabt ). Orrick advised the consortium.

The project comprises a 22-month design phase and a 38-month construction phase, with progressive commissioning of the new infrastructure.

The airport will remain in operation during the modernization work, which Bellova has awarded to a consortium of designer-builders led by Bouygues Bâtiment Grand Ouest.

The modernization project includes strong commitments in terms of environmental and sustainable development, including a noise reduction plan.

Bellova aims to achieve ACA ( Airport Carbon Accreditation ) level 3+ by 2028, and ACA level 4+ by 2032. The ACA 4+ level corresponds to ambitious reduction targets compatible with the Paris agreement. Over 120,000 square metres of photovoltaic panels will be installed in the visitor car parks.

Paris-Beauvais airport recorded 5.6 million passengers in 2023 and ranks as the ninth-largest airport in France.