Greek government grants 14 regional airports to German Fraport

The first privatization of the SYRIZA-ANEL government is a reality, as the concession of 14 Greek regional airports to German Fraport for 1.23bln Euros has been finalized. The Greek government reached the decision upon the recommendation of the Hellenic Republic Asset Development Fund (TAIPED) after the relevant tender ended 3 months ago. The 14 airports are: Thessaloniki, Kerkyra, Chania, Cephalonia, Zakynthos, Aktio, Kavala, Rhodes, Kos, Samos, Mytilene, Mykonos, Santorini and Skiathos. The decision was made during the Greek government’s cabinet meeting on economic policies on August 13. According to the government gazette, there are no changes in the current concession compared to the one proposed by TAIPED-the privatization Fund that will be replaced by the new 50bln Euro Fund agreed in the latest bailout plan. The privatization of the regional airports was included in the new memorandum of understanding voted in Greek parliament.