Regional airport bids opens today

The state privatisation agency said on Thursday it has sold online four properties in the old Plaka district of Athens for 1.34 million euros, while it announced it will open concession bids on Greece’s regional airports on Monday (technical bids) and Tuesday (financial bids).

The four properties sold through are located on Thrasyllou 24 and Epimenidou (sold for 194,200 euros); Thespidos 24 and Stratonos (552,400 euros); Thespidos 16 (260,000 euros); and Rangava 7 (330,000 euros).

According to the Hellenic Republic Asset Development Fund, the sale price reached was 42 percent higher that the starting price. Because of the unique character of Athens’ historic district, the selling contracts stipulate that after 99 years ownership will revert to the state. For the rest of the portfolio – another three properties in Plaka – there was no interest at the set starting price, although seven bids were submitted initially. HRADF will reevaluate its options on these properties.

HRADF also said the tendering of 14 regional airports to the private sector is in the final stage. The contracts call for a total of 250 million euros’ worth of investments within the first four years. Tenders for both technical and financial aspects – being opened Monday and Tuesday respectively – have been submitted by the consortiums Vinci Airports SAS-Aktor Concessions SA; Fraport AG-Slentel Ltd; Casa (Corporation America SA)-Metka SA.

Technical bids have been submitted for the airports of Thessaloniki, Corfu (Kerkyra), Chania, Cephalonia, Zakynthos, Aktio and Kavala. Tuesday’s bids include the airports of the islands of Rhodes, Kos, Samos, Mytilini, Mykonos, Santorini and Skiathos.

Contracts will run to 40 years and investments related to upgrading and refurbishing of existing facilities must be completed within 20 months of the start date, while new projects and expansions must be completed in 48 months.

Regional airports will charge 14.50 euros per departing passenger until the upgrade projects are completed (13 euros in airport fee and 1.5 for security). After the works are completed, the ceiling for such a fee will be 20 euros per departing passenger, including the security charge.

The current Fee for Airports’ Upgrading and Growth (known as “Spatosimo” after the location of the international airport), is currently set at 12 euros per departing passenger within the EU and 22 euros for beyond. By October 2024, this will be the fee at all Greek airports, irrespective of destination.

Airports with a heavy military presence such as those of Chania (Crete) and Aktio (Western Greece) will turn over to private investors only the civil aviation part – such as the main terminal, the flight corridors and the car parks. Jointly used infrastructure such as the landing strip and the taxiing lanes will remain under the full responsibility and control of the Greek Air Force and may be leased by it.

At airports with reduced military presence such as those of Thessaloniki, Kavala and Santorini, the concessionaire will not have access to the military part and the Greek Air Force will have free access to joint-use infrastructure, as happens on all non-militar airports.