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As previously published by Monaco Life, the Principality plans to invest €150 million in the privatisation of Nice airport. The award has already been made to an Italian-led consortium, but Monaco is keen to be involved, and according to initial reports, the deal would like to see the hub renamed as Nice-Monaco or Nice Monte-Carlo.
Italian airport and motorway operator Atlantia and France’s EDF Invest were the winning bidders in the privatisation of a 64 percent stake in Nice airport, which could bring €1.22 billion to French state coffers.
Monaco plans to buy five percent of the airport’s capital – equivalent to 12 percent of the consortium’s stake, BFMTV cited the Monaco government as saying.
Finance Minister Jean Castellini told Reuters by email Tuesday that discussions “have intensified and should lead to an agreement” although changing the the name was “not an issue and is not part of the negotiations”.
The French Riviera will have a direct connection to the Kingdom of Bahrain thanks to a new flight offered by Gulf Air this summer on the low-emission Airbus A321neo.
Geoffrey Kent reveals the places he’s most excited to travel to in the new decade.
Amid record-breaking strike action, train operator SNCF has announced that it will refund commuters with pre-paid subscriptions for the month of December.
International airlines are cancelling or changing the routes of flights scheduled to fly over the Middle East in the wake of retaliatory strikes by Iran on two Iraqi military bases housing US troops.