Forty-year concession term – airport management expected to begin in late 2025

FRA/sc – Fraport AG won the concession to operate Kalamata Airport (KLX) in Greece. 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 totaling 45.2 million euros.

The concession 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 signing of the concession agreement is planned for mid-2025.

By concluding the concession agreement, the operating consortium commits to modernizing and expanding the terminal infrastructure at Kalamata Airport 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 ten percent stake in the operating company. The concession fees, which include the upfront fee, and the dividends will amount to a total revenue of 71.2 million euros for the Growthfund.

Fraport CEO Dr. Stefan Schule 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 realize its full potential over the coming decades.” In 2024, an estimated 330,000 passengers will use this airport in the south of the Peloponnese. This peninsula, renowned for historic sites such as Messene, Olympia, and Sparta, allows visitors to explore ancient Hellas. The landscape includes impressive sandy beaches and mountains that contribute to making the region an exceptional travel destination.

Fraport AG has been active in Greece since 2017, successfully operating 14 regional airports. During this time, it has succeeded in modernizing and developing them to ensure an outstanding passenger experience.