A draft bill ratifying a concessions contract for the new international airport at Kastelli, on Crete, was approved in principle by a wide majority in the parliament’s Standing Committee on Production and Trade on Tuesday, according to ANA.
The Kasteli airport will be constructed in Heraklion and is expected to replace the current Nikos Kazantzakis Airport, which is having difficulties handling the rising flow of tourists on the popular island. The concession was awarded to the single bidder, Ariadne Airport Group, a joint venture between GEK Terna and India-based GMR Airports Limited. It is budgeted at 850 million euros.
GEK Terna president Michalis Gourdzis said that the airport, despite being “modern, cheap, competitive international airport with growth prospects” should be linked to the main arteries on the island.
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