Modernization of 14 Regional Airports (Greece)

In 2017, BSTDB joined forces with Alpha Bank (Greece), EBRD, EIB and IFC to provide long-term project financing of EUR 1.6 billion to Fraport Greece, a consortium of Fraport AG Frankfurt Airport Services Worldwide and a leading Greek industrial conglomerate Copelouzos Group, for the modernization of 14 regional airports, including Aktion, Chania (Crete), Kavala, Kefalonia, Kerkyra (Corfu), Kos, Mitilini, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki (Greece’s second largest city) and Zakynthos. Combined, these airports served a total of about 25.2 million passengers in 2016.

With BSTDB’s lending in excess of EUR 62.5 million for the term of 17 years, the project represents the largest investment BSTDB has made in member countries to date.