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

Reuters  |  ATHENS 

ATHENS (Reuters) - A joint venture of India's GMR Infrastructure and Greece's construction group GEK TERNA offered 480 million euros ($509.42 million) to build a new airport on the island of Crete, sources close to the project said on Wednesday.

The venture submitted last year the sole bid to build the new airport at Kasteli, a public-private partnership project.

"The financial offer was unsealed on Tuesday," one of the sources told Reuters on condition of anonymity.

(Reporting by Angeliki Koutantou)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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

ATHENS (Reuters) - A joint venture of India's GMR Infrastructure and Greece's construction group GEK TERNA offered 480 million euros ($509.42 million) to build a new airport on the island of Crete, sources close to the project said on Wednesday.

ATHENS (Reuters) - A joint venture of India's GMR Infrastructure and Greece's construction group GEK TERNA offered 480 million euros ($509.42 million) to build a new airport on the island of Crete, sources close to the project said on Wednesday.

The venture submitted last year the sole bid to build the new airport at Kasteli, a public-private partnership project.

"The financial offer was unsealed on Tuesday," one of the sources told Reuters on condition of anonymity.

(Reporting by Angeliki Koutantou)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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