PROJECT

Projects

Summary of Investment Information

Project Number

38905

Company Name

FRAPORT REGIONAL AIRPORTS OF GREECE B S.A.

Date SPI Disclosed

Nov 7, 2016

Country

Greece

Region

Europe

Projected Board Date

Dec 8, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jul 30, 2022

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Dec 8, 2016
Signed : Mar 24, 2017
Invested : Apr 3, 2017

Sector

Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations)

Project Description

As part of the national privatization program and in order to modernize 14 regional airports, the Hellenic Republic in 2013 launched a tender for two clusters of seven airports each, Cluster A and Cluster B, through the Hellenic Republic Asset Development Fund S.A. (HRADF). In 2014, the concessions were awarded to Fraport Regional Airports of Greece A S. A. and Fraport Regional Airports of Greece B S. A. (collectively “Fraport Greece”). The shareholders of Fraport Greece are Fraport AG Frankfurt Airport Services Worldwide (“Fraport”) and Slentel Ltd. On 14 December 2015, the concession agreements were signed with HRADF and the Hellenic Republic.
The Project consists of the privatization, upgrade, maintenance, management and operation of the seven Greek regional airports of Cluster B, under a 40 year concession (the “Project”). The airports service some of the most popular tourist destinations in the country.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation