HRADF successfully concluded an international tender process that resulted in the concession of the right to develop and operate 14 regional airports in Greece.  In particular, two 40-year concessions to upgrade, maintain, manage and operate two clusters of seven regional airports (per each) have been conferred to a consortium of companies consisting of Fraport AG Frankfurt Airport Services Worldwide and Slentel Limited of Copelouzos Group.

Cluster A comprises of the airports of Thessaloniki, Kerkira, Kefalonia, Aktio, Zakinthos, Kavala and Chania and Cluster B comprises of the airports of Rhodos, Samos, Skiathos, Mytilene, Mykonos, Santorini and Kos.

Throughout the concession period, the Hellenic Republic shall enjoy a number of benefits, which, besides the significant payments consisting of the upfront, the annual and the variable concession fee, include the improvement of the quality of airports services by means of significant investments. HCAA’s role as regulator and supervisor of airport services will be enhanced, while it shall continue to retain the provision of air navigation services.

HRADF, in coordination with the Greek State and HCAA, is currently working towards the fulfillment of the conditions precedent for the closing of the transaction and the concession commencement date, envisaged to take place in the next months. The concession agreements have been ratified by the Greek Parliament by Law 4389/2016 (A 94) and are publicly available on the Parliament’s and the Official Gazette’s website.

The Hellenic Republic has appointed Citigroup and Eurobank Group as its financial advisors and Your Legal Partners, Drakopoulous & Vasalakis Law firm and Norton Rose as its legal advisors to assist with the privatization of the 14 regional airports.

RELATED NEWS

11/04/2017
Completion of the concession of the 14 regional airports to Fraport Greece
13/06/2016
RfP for the conduct of an assessment study on 23 regional airports in Greece
14/12/2015
HRADF: Concession Agreement Signed for Managing 14 Greek Regional Airports
15/10/2015
Invitation for expressions of interest to act as technical advisor to the HRADF for the concessions of the right to operate and maintain clusters A and B of the regional airports of the Hellenic Republic
25/11/2014
Press Release - Successful conclusion of the Regional Airports’ tender procedure
SEE THE FULL LIST

DOWNLOADS

We use Cookies on this website to analyze and improve its functionality. You can select your cookies’ preferences when entering our website by either selecting "Accept all", or select which cookies you prefer by "Cookie Settings", or reject the use of the non-necessary cookies by selecting "Reject all". For more information on the use of Cookies in our website you can read our Cookies Policy. You can change your consent options at any time just by tapping the privacy tab at the bottom of the page.
Accept All Cookie Settings Reject All