Aéroports de Paris - 2019 Universal registration document
REAL ESTATE ASSETS AND FACILITIES
BUSINESS OVERVIEW
PERSONS RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT
STATUTORY AUDITORS
RISK AND MANAGEMENT
INFORMATION ON THE COMPANY
ORGANISATION CHART
REVIEW OF THE FINANCIAL POSITION AND INCOME
EQUITY AND CASH FLOWS
INFORMATION CONCERNING TRENDS
Investment programme Aéroports de Paris is constantly improving the quality of its aviation infrastructure. In addition, Aéroports de Paris has launched an ambitious investment programme in order to guarantee the quality of its aviation infrastructure, and to increase the handling capacity of its terminals. The main investments at Paris-Charles de Gaulle airport in 2019 are described in Chapter 4 1 . The 2016-2020 projected investment programme for the regulated scope is outlined in Chapter 4 2 . This programme includes in particular: ◆ refurbishing terminals 2B as well as building a junction between the two terminals, creating extra needed floor area in 2B and pooling passenger processes (single-security checkpoints, baggage delivery). This project will adapt the 2BD complex to the expected increase in international medium- and long-haul traffic by increasing capacity; ◆ the linking of international satellites in Terminal 1, also aimed at sharing the security check and screening functions and boarding lounges, and at increasing the retail and service spaces so that an offering can be introduced that is tailored to international customers. In addition, the plan is to dedicate significant resources to the robustness of the operation of Paris-Charles de Gaulle airport and to targeted customer satisfaction and sustainable development operations. In addition to infrastructure projects, it is the entire policy of optimising assignments of airlines to Paris-Charles de Gaulle that has allowed the airport to respond to the needs of different types of traffic (point-to-point passenger traffic, connecting passenger traffic, development of freight activity benefiting from medium and long-haul traffic to and from Paris- Charles de Gaulle).
The CDG Express project was initially scheduled to be commissioned end-2023. However, the Government decided in May 2019 to defer its commissioning to end-2025 in order to limit the impact of the works on existing traffic. The financial implications of this deferment have been treated as part of the Amending Finance Law 2019 which increased the maximum amount of the government loan to €1.8 billion and the Amending Finance Law 2020 which deferred the receipt of the CDG Express special contribution to April 2026. It is planned to draw up an amendment to the works concession contract to include this deferment. At the operational level, all administrative procedures have been initiated. Thus, in February 2019, the CDG Express project was given a unique environmental authorisation for the launch of the works. At end-2019, close to €600 million of works have been completed across the entire project route, including works at the airport site (offset of a road network finalised, digging of a tunnel under the runways ongoing and works at the CDG 2 station ongoing). The New Grand Paris project plans for Paris-Charles de Gaulle airport to be linked to Saint-Denis Pleyel by metro line 17 by 2030. The airport will then be located 35 minutes from La Défense and 33 minutes from the Saint Lazare train station with a connection at Saint Denis Pleyel. The project provides for two stations within the platform, one at the TGV station and Terminal 2, and the other at a future Terminal 4. Line 17 was declared of public utility by Decree on 14 February 2017.
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The main projects included in the proposed 2016-2020 investment programme for the regulated scope are shown in the map, below:
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1.Roadwidening to three lanes fromParis 2.Connectionof the international satellitesof terminal 1 3.Securingofparallelnorthern runways+ renovationof runways2and3 4.Extensionofparkingareas forwide-bodiedaircraft
5.Rainwatermasterplan 6. TDS3-S4baggage sorters 7.Creationofaircraft standsandadaptationofCDG2E 8. Tunnelunder runway4 for theCDGExpress 9.Renovationof2BandBD junction 10.RenovationofPAB carpark.
1 See section 4.2.1 “Investments made by the group over the last three financial years”. 2 See section 4.2.3 “Projected investment programme for Paris-Charles de Gaulle Airport”.
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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