Contract and construction begin for new Crete airport expected in 2018 despite delays

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Contract and construction begin for new Crete airport expected in 2018 despite delaysThe new airport will further boost Crete as a popular international tourism destination

A forecast date for starting construction of a new airport at the Kastelli site, in Crete's Irakleio prefecture, is June 2018, with the new facility expected to replace the current Nikos Kazantzakis airport. The latter serves one of the most important tourism regions in the country.

According to an announcement by Ariadne Airport Group consortium, which has won the tender to build the new airport, a final concession contract with the Greek state is expected to be signed in the first three months of the year. The consortium is comprised of Athens-based Terna and India's GMR Airports Ltd., which has a 10% stake.

Ariadne is programmed to build and operate the new airport for 37 years after completion.

Until now, the project has been bedeviled with ubiquitous Greek bureaucratic hurdles and legal delays.

A winning bid by the consortium for the concession rose to 480 million euros. 

Read more here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: Benoît Prieur  License: CC-BY-SA

Source: naftemporiki.gr

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