GMR-TERNA joint venture inks pact for airport in Greece
GMR Airports Limited, a subsidiary of GMR Infrastructure Limited, along with Greek partner TERNA Group has on Friday signed a Concession Agreement for Design, Construction, Financing, Operation, and Maintenance and Exploitation of New International Airport of Heraklion at Crete, Greece.
The concession period for the project is 35 years including Phase-1 construction of five years, according to a company statement.
Greece is one of the leading International tourist destinations, attracting nearly 27 million tourists per annum.
Crete is the largest and most visited island in Greece. Heraklion airport is the second largest airport in Greece and has registered traffic growth at a CAGR of 10 per cent per annum over the past three years.
