GMR Airports to develop Kastelli airport in Greece

New Delhi, June 7 (IANS) GMR Airports on Wednesday said that it has been selected to develop, operate and manage the new international airport of Kastelli on Crete Island, Greece. The company is a subsidiary of GMR Infrastructure.

According to the firm, it has bagged the project in partnership with Greek infrastructure major TERNA S.A.

"GMR Airports will be the designated airport operator in the consortium for this project," the company said in a statement.

The company added that the concession period for the greenfield project will be 35 years, including phase one construction of five years.

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