GMR Infrastructure Limited, India’s leading Infrastructure Company, recentlyannounced that its subsidiary, GMR Airports Limited (GAL), has submitted the bid along with its partner GEK Terna Group of Greece for the Development, Operations and Management of New International Airport of Heraklion at Crete Island, Greece.
The scope of the project involves Design, Construction, Financing, Operation & Maintenance of the airport for a concession period of 35 years.
GEK Terna Group is a leading Greek Infrastructure company having presence in Construction, Energy, Mining, Waste management, Concessions, Real Estate development & facilities’ management. It is understood that this is the sole bid for this concession.
If awarded, GAL will be the airport operator for this project. Under the Bid conditions, it is mandatory for the airport operator to hold a minimum of 10% equity stake in the consortium.