Tags: EU | Greece | Airports | Privatization

Greece Signs Airport Deal with German-led Consortium

Tuesday, 15 December 2015 09:50 AM

ATHENS, Greece (AP) — Greece has signed a 1.23 billion-euro ($1.34 billion) deal with a German-led consortium that will run 14 regional airports, including island tourist hotspots, for the next 40 years.

Fraport AG and its Greek partner, Copelouzos Group, said Monday's agreement will come into full effect in autumn 2016, when the consortium will pay the concession fee and take over the airports.

The deal is a key part of Greece's third multi-billion euro bailout deal, signed with European creditors in the summer.

The agreement includes the consortium paying an annual fee of initially 22.9 million euros, and investing 330 million euros in airport infrastructure until 2020.

The 14 airports are Thessaloniki — Greece's second largest city — Mykonos, Santorini, Rhodes, Corfu, Zakynthos, Kefalonia, Kos, Lesbos, Skiathos, Samos, Chania, Kavala and Aktio.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Greece has signed a 1.23 billion-euro ($1.34 billion) deal with a German-led consortium that will run 14 regional airports, including island tourist hotspots, for the next 40 years.Fraport AG and its Greek partner, Copelouzos Group, said Monday's agreement will come into...
EU,Greece,Airports,Privatization
130
2015-50-15
Tuesday, 15 December 2015 09:50 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved