Kalamata Airport: 40-year Concession Awarded to Fraport-Kopelouzos-Constantakopoulos

Greece’s national fund, Growthfund, announced on Wednesday that the consortium composed of German company Fraport AG and Greek companies Delta Airport Investments S.A. (Kopelouzos Group) and Pileas S.A. (Constantakopoulos Group) has been selected as the preferred investor for a 40-year concession of Kalamata International Airport.

The total value of the agreement for the development of the airport amounts to 45.2 million euros.

The 40-year concession includes the management, development, and operation of the airport, supported by a comprehensive investment plan aimed at enhancing the destination’s infrastructure and accessibility.

Airport modernization

The consortium’s goal is to develop a modern, state-of-the-art airport capable of attracting additional flights to Kalamata. The planned upgrades will also address the evolving expectations of passengers, positioning the Peloponnese as a stronger player in the global tourism market.

As part of the agreement, the consortium has committed to investing 28.3 million euros over the first three years, which will fund:

– renovation and modernization of existing facilities
– expansion and modernization of the terminal building
– construction of a new aircraft parking apron on approximately 50,000 square meters of expropriated land
– development of IT infrastructure
– expansion of retail (duty-free) and food and beverage (F&B) facilities.

The total development investment for the airport includes the 45 million euros paid at the outset of the concession. Over the 40-year period, Growthfund expects to generate 71.2 million euros in revenues from concession fees and dividends.

By selecting this consortium, Growthfund is tapping into the extensive experience of Fraport AG and Kopelouzos Group in airport management and development. The Constantakopoulos Group’s tourism expertise will further enhance the passenger experience, while a combined commercial strategy will strengthen the airport’s position in the market.

Constantakopoulos Group dedicated to investing in the region

Voidokilia Beach, Messinia. Photo Source: Costa Navarino

The Constantakopoulos Group, a leading Greek conglomerate, emphasized that its participation in the consortium reflects its continued commitment to investing in Messinia, in the Peloponnese region, a destination with strong potential for tourism growth.

“TEMES remains dedicated to investing in the region, helping to establish it as a high-quality, sustainable destination for both visitors and residents,” stated the Group in an announcement.

A member of the Constantakopoulos Group, TEMES is the developer of Costa Navarino in Messinia, one of the Mediterranean’s largest tourism investments.

The Constantakopoulos Group operates across a variety of sectors, including tourism, real estate, energy, and logistics.