Fraport Greece’s Development Plan for the New Era at the Greek Regional Airports

Mar-2017 As part of its mandate for taking over management and operations at the 14 airports, Fraport Greece has prepared a comprehensive plan for the modernization and development of the airports. The company's plan includes immediate projects and development works for upgrading the airports' facilities, which will contribute significantly to improving the overall customer travel experience, while responding to the expected increase in passenger traffic. Fraport Greece will invest a minimum of 330 million euros for development works until 2021. During the 40-year concession period the company will implement additional maintenance and upgrading works, as well as capacity expansions (dependent on traffic growth) -- resulting in possible total investments of some 1 billion euros (including the minimum 330 million infrastructure investment in the initial phase).