NEW DELHI: Expanding its overseas portfolio, GMR Airports Limited and its Greek partner TERNA Group signed the concession agreement for building and operating a new international airport of Heraklion at Crete, Greece. The infra major will construct the first phase of this airport in five years while the project’s concession period is 35 years
Greece get about 2.7 crore tourists per annum, with Crete being its largest and most visited island. Crete’s Heraklion Airport is the country’s second largest airport and has registered traffic grow at 10% over past three years.
“The current airport is facing a severe capacity constraint and will be replaced by the new airport at Kastelli.
