Air­port sell-off is on the run­way

Kathimerini English - - Front Page -

the con­ces­sion of the op­er­a­tion of re­gional air­ports will be­gin at the end of March, the state pri­va­ti­za­tion fund (TAIPED) an­nounced yes­ter­day. Ac­cord­ing to sources, the re­gional air­ports, such as the one on Rhodes (pic­tured), will be split into two groups prior to their con­ces­sion to pri­vate in­vestors. The fund is re­spon­si­ble for 37 air­ports, 23 of which are of ma­jor com­mer­cial in­ter­est. The very small ter­mi­nals will be grouped to form a joint com­pany whose man­age­ment will at a later stage be con­ceded to a pri­vate in­vestor. Ac­cord­ing to the government’s com­mit­ments to its in­ter­na­tional cred­i­tors, the pri­va­ti­za­tion process will have to start within the first quar­ter of the year. The con­ces­sion of the air­ports’ op­er­a­tions will be for 50 years and the pre­ferred bid­ders will have to pay a sum in ad­vance for the op­er­a­tion rights and share fu­ture prof­its with the state. TAIPED says that the 37 air­ports need to­tal in­vest­ment of 240 mil­lion eu­ros.

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