ECONOMY

Submission day for local airport offers

The privatization project for regional airports gets under way on Friday with the submission of binding offers by investors interested in undertaking their operation for about 40 years.

The same investors will also undertake the modernization of the terminals, which will involve investments of 200 million euros.

As many as four consortiums are expected to bid for the 14 airports. These bids will likely come from Advent International, from the consortium of Argentina’s Corporation America with the local Mytilineos Group, Germany’s Fraport in association with the local Copelouzos Group, and France’s Vinci in cooperation with Greek group Ellaktor.