Athens International Airport
An innovative co-operation between the public sector and private initiative.
In 1995, the Government of the Hellenic Republic and the private consortium led by HOCHTIEF Aktiengesellschaft entered the Airport Development Agreement (ADA) with the joint aim to develop the new international airport at Spata by means of a Public-Private Partnership (PPP). The ADA establishes a 30-year concession ratified by Greek Law granting the Airport Company the exclusive right to occupy and use the site for the purpose of the “design, financing, construction, completion, commissioning, maintenance, operation, management and development of the airport”.
The concession period was initiated in 1996 upon the establishment of “Diethnis Aerolimenas Athinon A.E”, a private legal entity formed under Greek company law as a societe anonyme that trades as “Athens International Airport S.A.” (AIA) and “is managed and operated as a private sector company”.
The Greek State holds 55% of AIA’s shares. The State’s interests are jointly represented by the Minister of Economy, Transport and Communication.
The private sector partner comprises three private shareholders, who collectively hold 45% of the Airport Company’s shares.
Pantelli provided professional services in respect of the majority of the building over a period of four years working with the private consortium and contractors.