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Athens Macedonian News Agency: News in English, 13-03-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Hatzidakis: Regional airports to be privatized

  • [01] Hatzidakis: Regional airports to be privatized

    "Times New Roman";color:#0F1419;mso-ansi-language:EN-US;mso-fareast-language: AMNA -- International tenders for the privatisation of the country's local airports will be launched before the end of March, Development, Competitiveness, Infrastructure, Transport and Networks Minister Kostis Hatzidakis announced on Thursday. He said tenders will be for long-term concessions to exploit the commercial operation and management of the airports, which will remain the property of the state. He specified, however, that the new airport of Kasteli on Crete will be exempted from the above procedure since it was "targeted at a different class of investors".

    "Times New Roman";color:#0F1419;mso-ansi-language:EN-US;mso-fareast-language: The minister stressed that the aim of the privatisations and concessions was not only to raise cash but was primarily a way to boost economic growth.

    font-family:"Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman"; During joint statements to the press with the head of the Hellenic Republic Assets Development Fund (HRADF) Yiannis Emiris, the minister also announced a reorganisation of Greece's civil aviation authority (YPA). He said that this would become a new regulatory authority with supervisory powers, charged with monitoring the execution of concession contracts and pricing policies, as well as ensuring flight safety and quality control. To this end, he announced plans to streamline the running of YPA through the abolition or merger of at least 10 departments and 14 sections, while stressing that no YPA staff will be fired or transferred to other services.amna

    font-family:"Tahoma","sans-serif";mso-fareast-font-family:"Times New Roman"; The minister clarified that, under the terms of the concessions, the Greek state will retain ownership, supervisory powers and control of the airports and will also preserve existing airports on all islands, regardless of size. The concessions will be offered for a minimum period of 30-35 years, in order for charges to remain on a competitive level, while an option for extension will be given.amna

    Athens News Agency: News in English Directory - Previous Article - Next Article
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