Greece’s privatization fund (TAIPED)received three binding offers for the rights to use, operate, manage and exploit 14 regional airports after its tender for bidding closed yesterday. The consortia that submitted offers are Corporation America S.A. (CASA) with METKA, Fraport A>G> with Silentel Ltd and Vinci Airports SAS with AKTOR Concessions.

The 14 regional airports are divided into two groups:

Airports of Thessaloniki, Corfu, Chania, Kefalonia, Zakynthos, Aktion and Kavala

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Airports of Rhodes, Kos, Samos, Mytilini, Mykonos, Santorini and Skiathos

The technical offers now remain to be reviewed and be examined by the project advisors. The consortia that will proceed to the next stage of the tender are to be approved and the contracts will be awarded within November.

The terms of the tender allow contractors to invest in the operation of the regional airports for 30 years with an option of another 10 years and the chance to further extend the time frame if there is sufficient interest.