Fraport Greece, the German company that manages the country's top airports, plans to invest 100 million euros in Thessaloniki airport, turning it into a key transport hub for the Balkan region.
In a ceremony held in Thessaloniki on Wednesday, Fraport said that construction company Intrakat will handle the upgrade that is expected to be completed in the first quarter of 2021.
“This means expanding considerably its capacity and attracting new airlines,” said Fraport Greece chief executive Alexander Zinell.
The plans include building a new 34,000 square meter terminal, increasing the check in points by 47 percent and upping the number of gates by 50 percent.
Thessaloniki airport is dominating the expansion plans of Fraport that took over the management of 14 airports in Greece last year as part of the country's privatisation push.
Fraport Greece's total investment budget for the 14 airports it manages totals 415 million euros, with 100 million going to Thessaloniki, the country's third largest airport after Athens and Heraklion.