HYDERABAD: GMR Airports Limited, a subsidiary of GMR Infrastructure Limited achieved the Concession Commencement Date (CCD) for design, construction, financing, operation, and maintenance of new international airport of Heraklion at Crete, Greece, on Monday. Kyriakos Mitsotakis, Prime Minister of Greece laid the foundation stone of the airport, marking the beginning of the project.
GMR Airports Limited (GAL), along with its Greek partner GEK TERNA, signed the concession agreement in February, 2019 for design, construction, financing, operation, and maintenance of the new international airport of Heraklion. The concession period for the project is 35 years including Phase 1 construction of five years.
