Etiqueta: Greece airport

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GMR Airports Ltd, Terna Groups signs concession agreement for construction of Intl Airport in Greece

GMR Infrastructure Limited on Friday said that its subsidiary GMR Airports Limited and its Greek partner Terna Group have signed a concession agreement for construction of the new International Airport at Crete in Greece.

The concession agreement involves design, construction, financing, operation and maintenance and exploitation of the new International Airport of Heraklion at Crete.

The Concession Period for the project is 35 years including Phase 1 Construction of 5 years, GMR said in a release here.

Greece is one of the leading International tourist destinations, attracting nearly 27 million tourists per annum.

Crete is largest and most visited island in Greece. Heraklion Airport, located in Crete, is the second largest Airport in Greece and has registered traffic growth at a CAGR of 10 per cent per annum over the past three years.

The current airport is facing a severe capacity constraint and will be replaced by the new airport at Kastelli.

The consortium intends to invest over 500 Million Euro for development of the new airport.

The entire project will be funded through a mix of equity, accruals from the existing airport, and financial grant being provided by the Government of Greece; therefore, debt is not required in this project.

Commenting on the development, Mr. Srinivas Bommidala, Business Chairman, Energy and International Airports said, this is GMR Group’s first foray in the EU region and we eagerly look forward to expanding our footprint in the EU.

The signing of the Concession Agreement is a significant milestone in the growth journey of GMR Airports’ and reinforces our leadership position, he said.

The New Heraklion airport project is a landmark PPP project for Greece and it is a matter of great pride for the GMR Group to work on this prestigious project, Mr Srinivas added.

Source: United News of India.

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Kalamata Airport Next in Line for Upgrade, Tender to be Announced

The airport of Kalamata in the Peloponnese, is next in line for upgrade works with the government set to issue a call for tenders in the immediate future, said Infrastructure and Transport Minister Christos Spirtzis during the 7th European Aviation Conference held in Athens, last week.

The makeover project is budgeted at 50 million euros and the Greek government is aiming to repeat the tender procedure applied for the Kasteli airport in 2014.

Tourism stakeholders and local professionals expect the Kalamata Airport to further boost incoming tourist flows to the Peloponnese, particularly attracted by the 5-star Costa Navarino Resort.

Indicatively, incoming traffic through Kalamata Airport increased in 2017 to 276,725 passengers against 227,980 in 2016, and 3,319 flights against 2,684.

Addressing the conference titled “Ownership and Privatization of Airports, Airlines and Air Traffic Control: Getting It Right”, Spirtzis said that the remaining 22 state-owned airports will be handled under a public-private partnership deal within a cluster.

“Greece will acquire one more international airport, in Kalamata, which will serve the Peloponnese,” the minister said, adding that Messinia was a strategic choice having a port and the suitable road infrastructure, but needing an airport to upgrade the destination in order to be able to handle both commercial and passenger traffic through combined transport means.

Spirtzis went on to note that the remaining state-owned airports would not be privatized but instead commercial use would be leased to private interests with airport infrastructure under Hellenic Civil Aviation Authority control.

The immediate goal, he said, was to incorporate the said airports into a cluster in order for these to gain added value. Topping the agenda of projects is the upgrade of five regional airports, including those of Paros, Syros, Naxos, Milos, Chios and Alexandroupolis.

Winning regional airports in terms of traffic and revenue, according to the government, are those on the islands of Paros, Chios, Naxos, Karpathos and Ikaria, and in Araxos.

Source: Gtp Headlines

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Greece to privatize another 23 regional airports mostly on the islands

Greece has opened the way for the privatization of another regional airports, 23 in total. The airports are mostly located on islands in the Aegean Sea, several in mainland and two in Peloponnese.

The relevant decision by the Ministry of Transport and Infrastructure has been published in the official gazette already on October 25, 2018.

The airports are currently managed by the Greek Civil Aviation Authority.

The airports to be privatized published are:

Alexandroupolis, Ioannina, Kozani, Kastoria, Nea Aghialos, Kalamata, Araxos, Limnos, Chios, Ikaria, Skyros, Milos, Naxos, Paros, Syros, Kalymnos, Astypalea, Sitia, Leros, Kasos, Karpathos, Kythera and Kastelorizo.

At this stage the privatization is still in the very beginning of the process. The Ministry decision allows investigation with the aim to prepare and develop a plan to the above mentioned airports taking into account their functionalities as well as the prospects for further development and modernization.

The investigation will also include options for the concession terms and conditions.

The Ministerial decision practically opens the way to the privatization of these airports.

Fourteen major Greek airports were privatized two years ago with tender winner to be German-led consortium Fraport.

Source: Keep Talking Greece