The Directorate-General for Competition of the European Commission has reportedly approved the concession concerning the construction and operation of a new international airport to serve Heraklion, located on the Greek island of Crete.
The concessionaire is Ariadne Airport Group, a joint venture of GEK TERNA and GMR Airports Limited, with a 54% stake and the Greek State owning the remaining 46%.
The concession must now be approved by the Greek Court of Auditors and the Greek Parliament.
The construction of the airport and all necessary infrastructure works, as well as a new motorway linking the future facilities with Crete's Northern Motorway Axis, are expected to commence by the end of the year. These works are to be completed in five years, allowing for the airport to begin commercial operations in 2023)
Country updates
-
-
June 26, 2018
European Commission to approve US$1.3 billion Athens airport concession extension
After eight months of negotiations, the Directorate General for Competition (DG Comp) of the European Commission, has approved a 20-year extension of the concession contract to operate Athens Int...
Read more -
June 21, 2018
Greek government seeking interest in US$1.6 billion road projects in Crete
The General Secretariat for Infrastructure of the Greek government has published Requests for Expressions of Interest (RFEOI) for two road projects in Crete, the largest and most populous of the Greek...
Read more -
June 06, 2018
Hill International has been selected as the Independent Engineer for the project
Hill International has been selected as the Independent Engineer for the project. Works, which are expected to commence within Q4 of 2018, are planned to be completed in 2023
-
May 18, 2018
HRADF announces pre-qualified teams for motorway and marina PPPs
The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) has selected bidding teams to be invited to participate in the second phase of the tenders for the Egnatia Odos...
Read more -
April 30, 2018
ERBD agrees to support biomedical research centre PPP in Athens
The European Bank for Reconstruction and Development (EBRD) and the Biomedical Research Foundation of the Academy of Athens (BRFAA), in cooperation with the Public-Private Partnership Secretariat...
Read more
