The new Athens International Airport at Spata is more than 72% complete and is five months ahead of schedule, according to recent announcements by the builder and future operator, Hochtief. All construction works were to be completed by September 2000 in order to open the
Construction of the main terminal building, the ground and maintenance building, the land-side infrastructure, fire-rescue main station and the control tower is nearly completed.
Before the end of this year, the airport expects to see new projects, such as a four-star 350-room hotel, fueling distribution centers, cargo, in-flight catering, and separate terminals for private aircraft well into the construction phase. The total value for investment opportunities over the next few years is estimated at 200 billion drachmas.
The new airport, says the builder, will constitute an ideal international hub between east and west for transportation to and from Asia, the Arab countries and Africa. It will have no curfew for flights and thus allow for increased aircraft utilization. As well, ground handling and fuel rates will be very competitive as the airport will concentrate on renting out as much space as possible to commercial units, which will help defer costs.
The builder has undertaken the design, financing, construction, administration and development of the new airport. The self-financed project, 55%-owned by the state and the rest by a private consortium headed by Hochtief, will cost 4.1 billion German marks to construct. It aims to service 6,000 passengers per hour and up to 16 million passengers per year in the first stage of operation. The airport can expand to handle 50 million passengers annually. With its two runways, the airport can handle 65 aircraft movements per hour.
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The new Athens International Airport at Spata is more than 72% complete and is five months ahead of schedule, according to recent announcements by the builder and future operator, Hochtief. All construction works were to be completed by September 2000 in order to open the
Construction of the main terminal building, the ground and maintenance building, the land-side infrastructure, fire-rescue main station and the control tower is nearly completed.
Before the end of this year, the airport expects to see new projects, such as a four-star 350-room hotel, fueling distribution centers, cargo, in-flight catering, and separate terminals for private aircraft well into the construction phase. The total value for investment opportunities over the next few years is estimated at 200 billion drachmas.
The new airport, says the builder, will constitute an ideal international hub between east and west for transportation to and from Asia, the Arab countries and Africa. It will have no curfew for flights and thus allow for increased aircraft utilization. As well, ground handling and fuel rates will be very competitive as the airport will concentrate on renting out as much space as possible to commercial units, which will help defer costs.
The builder has undertaken the design, financing, construction, administration and development of the new airport. The self-financed project, 55%-owned by the state and the rest by a private consortium headed by Hochtief, will cost 4.1 billion German marks to construct. It aims to service 6,000 passengers per hour and up to 16 million passengers per year in the first stage of operation. The airport can expand to handle 50 million passengers annually. With its two runways, the airport can handle 65 aircraft movements per hour.
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