Greek Cabinet Approves 40‑Year Concession of Kalamata International Airport to FRAPORT Consortium

The Greek cabinet, acting on a proposal by the Minister of National Economy and Finance Kyriakos Pierrakakis, approved a 40‑year concession for the operation, management and development of the International Airport of Kalamata, named “Captain Vassilis Konstantakopoulos”. A consortium comprising Germany’s FRAPORT AG (51% stake) and two Greek investors, Delta Airport Investments AE and Pileas AE (each 24.5%), was selected as the preferred investor.

The consortium offered a total investment of €45.2 million, with €45 million payable at the start of the concession and the remainder structured as annual fixed and variable payments tied to airport revenue. Under the contract, the investors must invest at least €28.3 million in the first three years for renovations, expansion of the runway area, new parking facilities on a 50‑hectare site, IT infrastructure, and the creation of duty‑free and food‑beverage outlets. The Greek state, through the Growth Fund, will receive dividends from a 10% equity share and additional revenue guarantees.

The airport is a key gateway for tourism in the southern Peloponnese, and the concession is seen as essential for expanding the region’s tourism capacity and economic development.