Fraport Greece will implement investments of 400 million euros at the 14 regional airports it has leased in the next four years, the company’s executive director of commercial and business development, George Vilos, told a Greek Tourism Confederation (SETE) conference earlier this week.

Vilos estimated that Fraport will have started procedures for the undertaking of the airports’ management by the end of January. The company has already identified most of the needs of each terminal, either for the upgrading of infrastructure or for their expansion (or both).

For instance, the area of the Santorini terminal’s buildings will increase from 5,000 square meters to 15,000 sq.m., at Thessaloniki’s Makedonia Airport it will double from 30,000 to 60,000 sq.m., Corfu’s terminal will grow by 1,000 sq.m., while the interior of the airport at Hania on Crete will be renovated.

After the first four years, some additional investments may be decided on, but this will depend on requirements that become apparent from each airport’s passenger traffic. The company will attempt to expand the number of air services and to attract more foreign airlines.

Vilos also announced the creation of modern shopping centers within the terminals, rivaling those at airports abroad as well as Athens International Airport.