Athens International Airport unveils an ambitious investment plan set to unfold in three strategic phases, which aims to accommodate 50 million passengers by 2045. The project demands an investment totaling 1.35 billion euros for the initial two phases alone.
The inaugural phase, the “33MAP Master Plan,” is slated to increase the airport’s capacity from 26 to 33 million passengers annually. Key enhancements include a major expansion of the main terminal building, construction of new aircraft parking stands and bus boarding gates, as well as an extended control hall featuring a revamped terminal facade.
Additionally, the plan encompasses the creation of supplementary baggage sorting and claim areas, along with retail spaces and office facilities. The project will see the development of a new VIP terminal station and an upgraded road traffic system, alongside the construction of a modern multi-storey parking facility. Construction for this phase is anticipated to kick off by late 2024, with completion expected by 2028.
Following the achievement of 29.70 million annual passengers, expected to occur within the next two years, or the surpassing of 31.35 million passengers annually, the second phase of the 40MAP eMaster Plan will commence. This stage aims to elevate the airport’s capacity to 40 million passengers yearly, through an array of expansions including the main terminal building, aircraft parking areas, passenger and retail spaces, and runway infrastructure.
Subsequent to either surpassing 36 million annual passengers, projected to occur within two years, or directly exceeding 38 million annual passengers, the third phase of the 50MAP Master Plan will be triggered. This final phase will involve the construction of a second terminal station, expansion of the new runway, addition of new taxiways and lanes, and the completion of essential ground access infrastructure.
Source: tovima.com
Latest News
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
Piraeus Bank to Propose First Dividend in 16 Years
Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year
Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone
The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month
ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%
Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year
Greek Buyers Lead Return to Vacation Home Market
In the last six months, Greeks have made a surge into the vacation home market, notably without relying on loans