New Heraklion International Airport of Crete
The New International Airport of Heraklion in Kasteli area is to replace the existing "Nikos Kazantzakis Airport” and will be constructed according to a set of technical and operational specifications to meet current and future transportation needs throughout the concession period.

Project's timetable:
According to the contractual terms, the concession will run for thirty-five years from the concession’s commencement date (February 2020) and includes a five-year period for the study and the construction of the project.

Shareholders of the airport concession:
The Greek state (45.9%), TERNA (32.46%) and the Indian corporation GMR Airports Ltd (21.64%).

The project will be 100% constructed by TERNA SA.