The Greek government has approved the 40-year concession of 14 airports in Greece to a German-Greek consortium consisting of Fraport and Slentel, a division of the Greek group Copelouzos, for 1.2 billion EUR.
The concession refers to the airports of Thessaloniki, Aktio, Chania (Crete), Kavala, Kefalonia, Kerkyra (Corfu), Zakynthos, as well as those in Rhodes, Kos, Mykonos, Mytilene, Samos, Santorini, and Skiathos.
The two companies will pay a one-time sum of 1.2 billion EUR and an annual fee of 22.9 million EUR to operate the airports for a period of 40 years, with the possibility of a 10-year extension.
Source: Daily Business
Frequently Asked Questions
Which airports are included in the concession?
The deal includes 14 regional airports, including Thessaloniki, Chania, Corfu, Rhodes, Mykonos, and Santorini.
Who is part of the consortium managing the airports?
The consortium is formed by the German company Fraport and the Greek company Slentel (Copelouzos Group).
What is the total value of the deal?
The consortium will pay 1.2 billion EUR upfront and an annual fee of 22.9 million EUR for a 40-year lease.