Friday, September 21, 2018

GMR gets Letter of award to develop airport in Greece

Hyderabad: The Greek government Friday issued a Letter of Award to the consortium of GMR Airports Limited for the development, operations and management of the new international airport of Heraklion on Crete island in Greece.

GMR Airports Ltd, a subsidiary of GMR Infrastructure Ltd, and Greece-based Terna Group are members of the consortium, a press release from GMR said here.

GMR Airports is the designated airport operator in the consortium for the Greek project, the release said.

The project involves design, construction, financing of the new Heraklion airport. The concession period for the greenfield project would be 35 years, including phase- 1 construction of five years, it said.
21/09/18 PTI/

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