Airport · Greece

How much does Kastelli Airport cost?

The Kasteli Airport, the New Heraklion International Airport of Crete at Kastelli, Greece, is the greenfield airport under construction by the Ariadne Airport Group of GEK Terna and GMR Airports on the southwestern side of the Kasteli air force base about 40 km from Heraklion, designed for 9 to 11 million passengers a year at first, with a 94,000 square metre terminal, with a foundation ceremony in February 2020. Ypodomes reported on 17 August 2026 that the total construction cost had risen to almost 1.2 billion euros, 1.08 billion of it core construction plus the 105 million euro air-navigation contract, with compensation for delays and changes at 444.3 million euros.

Published project estimate

€1.2 billion

Approximately $1.36 billion

Cost basis: 2025

Kasteli Airport, Crete, Greece: View from the archaeological site of Lyctus.
SchuppiCC BY-SA 4.0

Cost evidence

Basis of the published figure

Published project estimate2025
argophilia.com

Project record

Timeline

  1. 2020

    Construction started

    ypodomes.com
  2. 2028

    Current completion estimate

    Argophilia

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