GEK Terna Advances Infrastructure Projects in Greece, Including Major Road and Airport Developments
GEK Terna, led by George Peristeris, is completing significant investments in Greece, including the development of the second largest airport in Kastelli, Crete, and a branded Integrated Resort Complex in Ellinikon with Hard Rock, totaling €1.5 billion. The company also holds a 40% stake in the Northern Road Axis of Crete (VOAK) and has a project backlog of €9 billion. Following a merger with Motor Oil, GEK Terna will become the second largest electricity producer in Greece, contributing €5.9 billion to GDP.
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GEK Terna, under George Peristeris, is concluding a multi-year investment cycle focusing on critical infrastructure in Greece. The company is developing the second largest airport in Kastelli, Heraklion, and a €1.5 billion Integrated Resort Complex in Ellinikon, in partnership with Hard Rock.
It owns 40% of the VOAK, the largest motorway under development in Europe, and has an option for a 50% stake in the 700 MW Amfilochia pumped storage project. Its construction subsidiary, Terna, has a project backlog of €9 billion, ensuring income for over six years. Following a merger with Motor Oil, GEK Terna will become Greece's second largest electricity producer, contributing €5.9 billion to GDP.
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