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    Signature(s)

    Amount
    € 180,000,000
    Countries
    Sector(s)
    Greece : € 180,000,000
    Transport : € 180,000,000
    Signature date(s)
    13/12/2019 : € 180,000,000

    Summary sheet

    Release date
    16 May 2019
    Status
    Reference
    Signed | 13/12/2019
    20140625
    Project name
    Promoter - financial intermediary
    NEW HERAKLION INTERNATIONAL AIRPORT PPP
    HELLENIC REPUBLIC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 180 million
    EUR 575 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the design, financing, construction, operation and maintenance of the New Heraklion International Airport at Kasteli on the island of Crete under a 35-year Concession Agreement. The project also includes the construction of the landside access in the form of an 18km dual-lane motorway and a 6km three-lane road, which will be handed over after construction to the State. The existing civil airport in downtown Heraklion will be closed when the new airport becomes operational and redeveloped.

    The New Heraklion International Airport is part of the overall plan of the Greek Government to improve crucial infrastructure in touristic areas in an attempt to develop further a sector that already contributes significantly to the Gross Domestic Product and employment. The project aims to address the capacity/quality of service, environmental and social concerns around the operation of the existing airport. Furthermore, it allow to free a substantial size of land within Heraklion's urban that could be part of an integrated urban re-generation plan.

    Environmental aspects
    Procurement

    The project was subject to an Environmental Impact Assessment (EIA) process in 2009 finalized with the EIA Decision, approving the EIA Report, issued on 28/08/2009 by the Competent Authority. The decision is valid until 31/12/2019. In July 2017, the Concessionaire has submitted to the competent authority the request to update the EIA Decision. The process is still on going. The compliance with the relevant requirements of the Directive 2011/92/EC as amended by the Directive 2014/52/EC will be checked during the due diligence process.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU, 2014/24/EU or 2004/18/EC, 2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - NEW HERAKLION INTERNATIONAL AIRPORT PPP - EIA Study
    Publication Date
    16 Jul 2019
    Document language
    Main Topic
    Lending
    Document Number
    95348711
    Document Focus
    Environmental Information
    Project Number
    20140625
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NEW HERAKLION INTERNATIONAL AIRPORT PPP - EIA Study for connecting roads
    Publication Date
    16 Jul 2019
    Document language
    Main Topic
    Lending
    Document Number
    95360219
    Document Focus
    Environmental Information
    Project Number
    20140625
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NEW HERAKLION INTERNATIONAL AIRPORT PPP - EIA Study
    Publication Date
    18 Jul 2019
    Document language
    Main Topic
    Lending
    Document Number
    93943396
    Document Focus
    Environmental Information
    Project Number
    20140625
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - NEW HERAKLION INTERNATIONAL AIRPORT PPP - EIA study for reducing the size of the planned runway
    Publication Date
    18 Jul 2019
    Document language
    Main Topic
    Lending
    Document Number
    79674379
    Document Focus
    Environmental Information
    Project Number
    20140625
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - NEW HERAKLION INTERNATIONAL AIRPORT PPP - updated ESDS
    Publication Date
    9 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    135793898
    Document Focus
    Environmental Information
    Project Number
    20140625
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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