YPOMEDI – New Kastelli International Airport – Crete - Project Profile

YPOMEDI – New Kastelli International Airport – Crete - Project Profile

  • January 2018 •
  • 11 pages •
  • Report ID: 4473798
"YPOMEDI – New Kastelli International Airport – Crete- Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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The Ministry of Infrastructure, Transports, and Networks, Greece (YPOMEDI) is planning to undertake the construction of New Kastelli International Airport project in Crete, Greece.

The project involves the construction of an international airport facility on 600ha of land in two phases.

The project includes the construction of a 3,200m runway, passenger terminals, aircraft hangars, air traffic control (ATC) towers, an aircraft maintenance facility, cargo facilities, commercial & retail units, taxiways, parking and the installation of elevators, safety and security systems.

The project also includes the construction of a 17km access road connecting the airport with the National Road along the north coast of Crete, in the neighborhood of Chersonissos.

The government will hold a 55% majority stake in the new airport.

NAMA Consulting Engineers and Planners have provided master planning and concept design services, and Denco S.A. as the surveyor for the project.

Aris Group Architects & Consulting Engineers has been appointed as the design consultant and Louis Berger as lead consultant.

Initially tender was issued in 2009 and was cancelled in 2011 due to the Greek debt crisis and Vinci, Bouygues, Ellaktor and J&P Avax expressed interest in the project.

In August 2012, YPOMEDI announced their plans to launch a new competition for the selection contractor.

On May 15, 2014, Government of Greece relaunched the tender process on a build-operate transfer (BOT) basis with bids submission date of November 11, 2014. However, in August 2015 the project was placed on hold due to debt crisis in Greece.

In December 2015, Government of Greece extended the bids submission date to February 23, 2016 and again the bids was extended to May 6, 2016.

However, in May 2016, for the third time Government of Greece extended the bids submission date to June 27, 2016 due to debt crisis in Greece, which are scaring investors away.

France’s Vinci jointly with Greece’s Ellaktor, and Spain’s ACS with GEK-Terna, were expected to bid and China State Construction Engineering in a joint venture with Zurich Airport is also interested in the project.

The project will be co-financed by the government, the European Union (EU) and the European Investment Bank (EIB). The Greek Government will provide US$285 million.

In June 2016, Government of Greece for the fourth time extended the bids submission date to the end of July 2016, as the terms on which investors will submit their bids were not ready.

In October 2016, GMR Infra bid for the project.

In November 2016, GMR is the single bidder and consortium Ellaktor-Vinci, Greek-Chinese partnership China State Construction – Archirodon, Zurich Airport, METKA and J&P Avax didn’t submit bids thereby requested an extension of the bidding procedure.

On June 7, 2017, YPOMEDI has awarded US$540 million contracts to GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, and TERNA SA, a subsidiary of GEK TERNA Group to develop, operate and manage the project.

In September 2017, an open international tender for the provision of Independent Engineer services has been issued with submission deadline as October 19, 2017, for a period of 60 months.

The scope of the project involves Design, Construction, Financing, Operation, and Maintenance & Exploitation of the project. The concession period for the project will be 35 years including Phase 1 Construction of five years.

Construction is expected to commence in June 2018.

The project involves the construction of an international airport facility on 600ha of land in Crete, Greece.

The US$947 million project includes the following:
1. Construction of a 3,200m runway
2. Construction of a 17km access road
3. Construction of passenger terminals
4. Construction of aircraft hangars
5. Construction of air traffic control (ATC) towers
6. Construction of an aircraft maintenance center
7. Construction of cargo facilities
8. Construction of taxiways
9. Construction of parking facilities

10. Installation of elevators

11. Installation of safety systems

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Country=Greece Industry=Airport ParentIndustry=HeavyIndustry Date=201801 Publisher=Timetric Price=1000