Wednesday, June 07, 2017

GMR Wins Contract For Crete Airport With Partner

GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, said it won the contract to develop, operate and manage the new international airport of Heraklion at Crete in partnership with a Greek company.

GMR Airports Limited will be the designated Airport Operator in the consortium for this project. Heraklion Airport, located in Crete, is the 2nd largest in Greece.

The existing Heraklion Airport is handling over 6 million passengers annually and is facing capacity constraint. The new Kastelli Airport, once completed, will replace Heraklion airport, the company said.

“The scope of the project involves Design, Construction, Financing, Operation, and Maintenance & Exploitation of the New Heraklion Crete International Airport,” it said.

The concession period for the Greenfield project will be 35 years including Phase 1 Construction of 5 years.

The company, which operates the Delhi and Hyderabad airports in India, has tied up with local infrastructure major TERNA, a unit of GEK TERNA Group, for the project.
07/06/17 Trisha Thomas/Ultra