Fraport Greece and Intrakat Sign Agreements for Construction Projects at the 14 Regional Airports
News release
Fraport Greece and Intrakat Sign Agreements for Construction Projects at the 14 Regional Airports
Thursday 23/03/2017 – Fraport Greece and Intrakat have signed two EPC (engineering, planning and construction) agreements totaling 357 million euros (plus value-added tax) for implementing construction studies and works at the 14 Greek regional airports. Under a 40-year concession, Fraport Greece soon will be managing, operating, upgrading and maintaining these airports on the Greek mainland and islands.
The first EPC agreement with the Greek-based Intrakat includes seven airports: Thessaloniki and Kavala on the mainland, along with Chania on Crete, and airports on the Ionian Islands of Zakynthos, Kefalonia, Kerkira and Aktion. The second EPC agreement also includes seven airports, all in the Aegean: Rhodes, Kos, Mykonos, Santorini, Samos, Skiathos, and Mytilene. These agreements between Fraport Greece and Intrakat cover refurbishing and upgrading current facilities at the 14 airports, as well as studies and expansion projects.
Mr Alexander Zinell CEO, Fraport Greece, stated: “The concession of the 14 airports – gateways to some of the most popular destinations – reaffirms Fraport’s leading role as a global airport manager. This project is of national importance to Greece as the new and revamped airports will complement and boost even further what already is a very successful tourist industry. New modern infrastructure and operational excellence will serve as a growth driver for local communities, contributing decisively to their economic development through the increase in tourism traffic, as well as by creating new employment opportunities.Fraport Greece’s concession project for the 14 regional airports is the biggest investment in the country’s national tourism industry, with huge benefits at the local and national level. The concession provides important revenue for the Greek State during a difficult and crucial perod and a significant boost for tourism. Furthermore, Fraport Greece’s investment will also help serve as a growth driver for local communities, contributing decisively to their economic development through the increase in tourism traffic, as well as by creating new employment opportunities. We have chosen the INTRAKAT Group as our partner for the delivery of this massive investment program by 2021 both for their deep knowledge of the Greek market as well as their ability to simultaneously manage 14 constructions projects throughout the country”.
On the occasion of signing the agreements, Intrakat Group CEO Mr Petros Souretis announced: “Intrakat’s long experience and high level of technical expertise are the necessary guarantees for the successful and timely implementation of the upcoming works at the 14 airports, according to the challenging standards of Fraport Greece. It is a great honor for Intrakat to participate in such an important project for upgrading our country’s infrastructure and for creating the conditions to further develop tourism and enhance Greece’s economy.”
About Intrakat
Intrakat, founded in 1987, is a member of the Intracom Holdings Group. It has been listed on the Athens Stock Exchange since 2001 and is classified in the Register of Contractor Companies as a holder of a seventh class contractor’s certificate. In 2005 it merged with the steel construction company Intramet. Backed by its lengthy experience, Intrakat executes high technology, specialized projects in the technical area (construction – infrastructure) and in the areas of the environment, renewable energy sources, technology and telecommunications infrastructures, energy, industrial plants, metal constructions, real estate development and natural gas in Greece and abroad.
About Fraport Greece
Fraport Greece, a joint venture of Fraport AG and Copelouzos Group, have signed a 40-year concession agreement with the Greek State for operating, maintaining, managing and operating 14 regional airports. This agreement includes an upfront concession payment of 1.234 billion euros.
For press info:
Ioanna Papavassiliou, Intrakat Communications Department
T: 210 – 6674646 E: ipapav@intrakat.gr
Web: www.intrakat.com
Christina Geronicola, Intrakat Communications Department
T: 210 – 6674618 E: cgeronic@intrakat.gr
Web: www.intrakat.com
Yannis Papazoglou, PR Manager, Fraport Greece
T: +30 211 2121 191 Μ: +30 6976 440 754 Ε: y.papazoglou@fraport-greece.com
