As part of a tendering process, Fraport and its Greek partners – Delta Airport Investments S.A. (Copelouzos Group) and Pileas S.A. (Constantakopoulos Group) – have secured the deal with a bid totalling 45.2 million euros.
The concession, due to be signed mid-2025, covers operation of the terminal and other landside and airside infrastructure, including retail and parking areas.
It will run for 40 years, with operations tentatively set to begin in late 2025, pending final approvals.
The terminal infrastructure at Kalamata Airport located south of the Peloponnese region will be modernised and updated with capital expenditures amounting to 28.3 million euros within the first three years of the concession.
During the 40-year concession period, the Hellenic Corporation of Assets and Participations S.A. (HCAP), also known as Growthfund, will receive additional dividends on top of the concession fees from a 10% stake in the operating company.
The concession fees and the dividends will amount to a total revenue of 71.2 million euros for the Growthfund.
Fraport CEO Dr. Stefan Schulte stated: “We are delighted to add Kalamata Airport to our Greek portfolio. Together with our partners, we are going to further develop the airport and realise its full potential over the coming decades.”
Fraport AG has been active in Greece since 2017, successfully operating 14 regional airports.
