Fraport, Intrakat Ink Greek Airport Construction Projects Deal

Dimtris Klonis, President Group Intracom Holdings; Petros Souretis, CEO Intrakat; Alexander Zinell, CEO Fraport Greece; Bill Fullerton, CTO Fraport Greece; Vaggelis Baltas, CFO Fraport Greece; Ian Matheson, COO Fraport Greece; and Dimitris Pappas General Director, Intrakat.

Fraport Greece has entered a 357-million-euro agreement (in two parts) with Intracom’s Intrakat construction company for the overhaul works on the 14 regional airports that have come under its management.

Works slated for the first four years of Fraport’s management include:

• the construction of five new terminals at the airports of Thessaloniki, Corfu, Kefalonia, Kos and Lesvos
• the expansion of all airport terminals by 100,000m2 to 300,000m2
• additional check-in counters from 213 to 297
• an increase in the number of safety points from 44 to 84
• additional gates from 103 to 147
• expanding the airport apron areas from 115 position to 150
• the revamp of 15 runways as well as of terminals, sanitary facilities, fire stations, power generator stations
• the installation of state-of-the-art control and baggage handling systems.

Impression of Mytilene airport on Lesvos.

The works are set to begin immediately in efforts to meet the demands of the upcoming summer season.

The first agreement covers the airports of Thessaloniki, Kavala, Chania on Crete, Zakynthos, Kefalonia, Corfu and Aktion. The second includes the airports of Rhodes, Kos, Mykonos, Santorini, Samos, Skiathos, and Lesvos.

Impression of Kefalonia airport.

“This project is of national importance to Greece as the new and revamped airports will complement and boost even further what already is a very successful tourist industry. New modern infrastructure and operational excellence will serve as a growth driver for local communities, contributing decisively to their economic development through the increase in tourism traffic, as well as by creating new employment opportunities,” said Fraport Greece CEO Alexander Zinell.

Meanwhile, earlier this week, a consortium of financial institutions agreed to lend Fraport Greece approximately 1 billion euros for the 40-year concession of 14 airports across the country.