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  • Contract on regional airport privatization to be signed within ten days

    The president of state privatization fund TAIPED Stergios Pitsiorlas announced that a contract with the Fraport-Slentel joint…

    The president of state privatization fund TAIPED Stergios Pitsiorlas announced that a contract with the Fraport-Slentel joint venture will be signed within the next ten days for the concession of 14 regional airports for 40+10 years.

    The airports included in the deal are those in Aktio, Chania, Kavala, Kefalonia, Kerkyra, Kos, Mytilene, Myconos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki and Zakynthos.

    According to the announcements, the joint venture will pay a lump sum of 1.2 billion euros on top of an annual 22.9 million euros in rent and 28.5% of income before taxes. The company has also committee to 330 million euros worth of investments in the next four years and 1.4 billion euros overall during the 40-year lease.

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