Kasteli Airport

The new airport at Kastelli, near Iraklio on the island of Crete, is under construction and will be completed in February 2027.

Its annual capacity is estimated to reach 10 million passengers by 2030, to be expanded later to 14 million.

Mitsotakis at the ceremony of the Terna project

The Superfund plans to have received binding financial offers for the concession of Kalamata airport by the end of June, so as to complete the signing of the concession contract by the end of the year, to be ratified by the Parliament.

The European Union's lending arm, the European Investment Bank (EIB), signed a 180-million-euro ($199.69 million) loan deal with Greece to help it pay its share for a new airport on Crete, the country's biggest island.

Greece has been upgrading its airport facilities to handle an increasing number of tourists visiting the country, one of the world's top holiday destinations.

National Bank of Greece (NBG) will be the sole underwriter of a 161.1 million euro ($182.7 million) bond to finance contractor GEK Terna's participation in a Greek-Indian consortium that will build a new airport on the island of Crete, it said on Friday.

Greece on Thursday signed a concession allowing a Greek-Indian consortium to build a new airport on Crete, its biggest island.

The GEK Terna construction group has landed another significant contract, as it has undertaken the construction of the new Nikola Tesla Airport in Belgrade, Serbia, in a consortium with Vinci.

This is a contract worth 262 million euros, and the consortium of Vinci (with a 51 percent stake) and GEK Terna (with 49 percent) will have five years to implement the project.

A Greek-Indian consortium has been awarded the contract to build a new airport on the island of Crete, a consortium official said on Friday.

Ariadne Airport Group, a joint venture between India's GMR Airports and Greek contractor GEK Terna, was the preferred bidder for the 850 million euro project and will begin construction at the start of next year.