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Fri July 20 2018

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Team picked for new Crete airport

8 Jun 17 India’s GMR Airports and Greek contractor Terna have been chosen for the development, operation and management of a new international airport on the island of Crete.

The new Kastelli Airport will replace Heraklion airport
The new Kastelli Airport will replace Heraklion airport

The concession period for the project is 35 years, including a five-year construction phase.

Crete is the largest and the most visited island in Greece; Heraklion Airport is the second-largest in Greece and has witnessed steady traffic growth in the last few years. The new Kastelli Airport will replace Heraklion Airport, which is handling over six million passengers annually and is facing capacity constraint.

GMR Airports president Sidharath Kapur said: “This will be GMR Group’s second foray into Europe after having developed Istanbul’s Sabiha Gokcen Airport. Having been selected, we expect to complete necessary documentation and concession signing over the next few months.”

 

MPU

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