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Greece completes airport transfer to German-led consortium
State revenues will reach 10 billion over 40-year concession
12 April, 11:45
(ANSA) - TRIESTE, 12 APR - Greece has formally completed the
transfer of 14 regional airports to a consortium led by
Germany's Fraport AG, Ap said. The privatization is a key
element of the country's bailout program. The Greek state
privatization agency declared that the consortium has paid a
1.23 billion-euro lump sum. It said additional state revenues
from an annual lease and a share in airport earnings will reach
a total 10 billion euros over the 40-year concession period.
The deal has already been cleared by the European Commission.
It had been initially due to come into effect last year. The 14 airports are Thessaloniki - Greece's second largest city - Mykonos, Santorini, Rhodes, Corfu, Zakynthos, Kefalonia, Kos, Lesbos, Skiathos, Samos, Chania, Kavala and Aktio. (ANSA).
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The deal has already been cleared by the European Commission.
It had been initially due to come into effect last year. The 14 airports are Thessaloniki - Greece's second largest city - Mykonos, Santorini, Rhodes, Corfu, Zakynthos, Kefalonia, Kos, Lesbos, Skiathos, Samos, Chania, Kavala and Aktio. (ANSA).
