GMR Crete International Airport, Greece
GMR Group has been selected to develop, operate and manage the new international Kastelli airport, also known as Crete airport, in Heraklion, Greece, with a joint venture partner, Terna S.A., a Greek infrastructure company.
The project involves the design, construction, financing, operation, maintenance and exploitation of the Crete airport, and the design, construction and financing of its connecting roads totalling approximately 24km. The concession is for a period of 35 years including the first phase of construction of five years.
Greece is a major international tourist destination with approximately 24 million tourists per annum and Heraklion serves as the principal gateway to the island.
The current Heraklion airport is the second largest airport in Greece and has witnessed steady traffic growth in the last three to four years.
It handles over six million passengers annually and faces capacity constraints due to growing traffic.
The Crete airport once completed will have a passenger capacity of approximately 15 million and replace the Heraklion airport.