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Greece's airport deal with Fraport to be sealed on Tuesday

Staff Writer | April 11, 2017
Greece’s concession deal of 14 regional airports to the German-led consortium Fraport will be sealed on Tuesday, according to press reports.
Air traffic   Fraport has agreed to pay 1.23 billion euros
Reportedly, the transfer of the management of some smaller airports has started on Monday.

Recall that Fraport has agreed to pay 1.23 billion euros for the 14 airports, on top of 22.9 million euros as annual rental fee adjusted for inflation and a floated fee which is estimated at 28.6% of the airports EBITDA per year.

Moreover, the consortium has also committed 330 million euros in investments over the next four years and a total of 1.4 billion euros during the 40-year life of the concession contract.