A consortium consisting of Fraport AG, Delta Airport Investments SA, and Pileas SA was named on Tuesday as the preferred investor for the 40-year concession of the Kalamata International Airport, worth €45.2 million in fixed 2025 prices.

The competition was handled by Greece’s Growthfund and the concession for the Kalamata International Airport “Capt Vassilis Konstantakopoulos,” co-signed by the Greek state, was approved by Tuesday’s cabinet following an introduction by Finance Minister Kyriakos Pierrakakis.

The consortium consists of German company Fraport AG, with a 51% share in the consortium; Greek company Delta Airport Investments SA (a subsidiary of the Kopelouzos Group), with a 24.5% share in the consortium; and Greek company Pileas SA (a subsidiary of the Konstantakopoulos Group), with a 24.5%.

The greater part of the preferred investor offer (€45 million) will be provided at the beginning of the concession period, confirming investor interest and confidence in the project’s prospects. The Greek state is expected to receive significant dividends from the 10% of the consortium’s share capital, delivered to the Growthfund without consideration to the concessionaire.