GMR Infrastructure Selected to Develop and Manage New Airporrt in Crete Island, Greece
Shital Jibhe / 07 Jun 2017
A subsidiary of GMR Infrastructure Ltd, GMR Airports Limited, today announced that it has been selected to develop, operate and manage the New International Airport of Heraklion at Crete in partnership with Greek infrastructure major TERNA S.A. (100% subsidiary of GEK TERNA Group).
A subsidiary of GMR Infrastructure Ltd, GMR Airports Limited, today announced that it has been selected to develop, operate and manage the New International Airport of Heraklion at Crete in partnership with Greek infrastructure major TERNA S.A. (100% subsidiary of GEK TERNA Group). GMR Airports Limited will be the designated Airport Operator in the consortium for this project.
With 24 million tourists per annum, Greece is a major International tourist destination. Crete is the largest and the most visited island in Greece. Heraklion Airport is the 2nd largest in Greece and has witnessed steady traffic growth in the last 3-4 years. The new
The scope of the project involves design, construction, financing, operation, and maintenance & exploitation of the New Heraklion Crete International Airport. The concession period for the Greenfield project will be 35 years including Phase 1 construction of 5 years.
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