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Indian-Greek venture offers 480 million euros to build Crete airport

Indian-Greek venture offers 480 million euros to build Crete airport

Wednesday, April 12, 2017, 5:26 PM

The only bid submitted to build an airport on the island of Crete was priced at 480 million euros ($509.42 million), well below the expected 850 million, sources close to the project said on Wednesday. The bid was submitted last year by a joint venture of India's GMR Infrastructure and Greek construction group GEK TERNA. "The financial offer was unsealed on Tuesday," sources told.
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