Government signs agreement for construction of new airports
Nicosia, May 17 (CNA) - Cypriot Minister of Communications and Works Charis Thrasou has said that an agreement signed on May 11 between the Ministry, on behalf of the government, and Hermes Airports Ltd, for the construction of new airports in Larnaca and Paphos, provides for a total revenue of two billion euros, of which 33% will be going to the state.
Thrasou told a press conference yesterday that the agreement also provides for the administration of the airports by Hermes Airports Ltd for a period of 25 years, during which the state will be receiving an annual amount of 3.5 million euros.
He said works for the construction of the Larnaca Airport new passenger building would begin in early June and was expected to be completed by the end of the year 2009, while similar works at Paphos Airport would also begin in early June and be completed by the end of 2008.
The Minister added that both airports include plenty of parking space, VIP lounges, specially equipped lounges for businesspeople, a closed circuit TV network and common use terminal equipment. Larnaca Airport will additionally provide a CIP (Commercially Important Persons) lounge.
The first phase of Larnaca Airport will cover an area of 95,000 square metres, will have 16 airgates and a capacity of 7.5 million passengers. The second phase will bring the area up to about 112,000 square metres with a capacity of 9 million passengers.
Paphos Airport will cover 18,000 square metres and will be able to serve 2.7 million passengers.