Aeroports de Paris said on Thursday it would cost about EUR150 million (USD$196 million) to rebuild the roof of the boarding area at terminal 2E at Charles de Gaulle Airport, which partially collapsed in an accident last year.
The cost of reconstruction will mainly be covered by the group's insurers led by French insurer Axa, the chairman of the Paris airports operator Pierre Graff said.
"The (financial) impact of terminal 2E is completely under control," he told reporters ahead of a results presentation.
Four people were killed when a large part of the terminal roof at France's main international airport collapsed in May 2004, just 11 months after the futuristic building opened.
ADP said that its capacity at Charles de Gaulle would return to pre-accident levels by the summer of 2005.
Traffic rose 4 percent in the fourth quarter, Graff said.
ADP's net profit fell 2.3 percent to EUR125.9 million (USD$164.1 million) in 2004, but rose 7.4 percent to EUR138.4 million (USD$180.4 million) after stripping out the short term effect of the terminal 2E accident, ADP said.
Operating profit fell 6.9 percent to EUR307.2 million (USD$400.5 million) and revenues rose 6.4 percent to EUR1.821 billion (USD$2.37 billion).
A decree changing state-owned ADP into a limited company, as a precursor to privatization, was published in France's Official Journal on Thursday.
A minority stake in the state-owned firm is expected to be floated early in 2006, as part of a string of privatizations the government is planning to help reduce its public debt.
ADP meanwhile signalled a truce in public tensions with Air France KLM over the cost of resurfacing a runway at Orly, the second largest Paris airport.
Air France has said the runway does not allow the Boeing 777-300, which it plans to fly from 2006, to operate regularly because of the pressure exerted by the plane's wheels on the runway surface, and urged ADP to accommodate the aircraft.
ADP has until now said simply that it was in talks with Air France on how to resolve the problem, but Graff said it would pay for the necessary work to be carried out.
"ADP will pay, of course," he said, adding this would involve relatively modest extra costs of tens of million of euros or less.
