Infrastructure major GMR Group along with Greece-based GEK Terna has bid for about 850 million Euro airport project in Greece.
Infrastructure major GMR Group along with Greece-based GEK Terna has bid for about 850 million Euro airport project in Greece.
GMR Airports and GEK Terna have bid for the development, operations and management of the new international airport of Heraklion at Crete Island.
In a statement, GMR Infrastructure said, “It is understood that this is the sole bid for this concession”. Upon award, GMR Airports would be the airport operator for this project, it added.
“The project is a concession agreement that concerns the study, construction and management of the new international airport of Crete (biggest island in Greece) and of all the necessary road connections. The construction cost is estimated by the Greek ministry of Infrastructure at around 850 million euros,” a spokesperson said.
Located in Crete and the second largest in Greece, Heraklion airport is facing capacity constraint and would be closed once the new airport is operational as per the press release.
