Analysis of Eleftherios Venizelos airport.

Essay by lefmarUniversity, Bachelor's January 2006

download word file, 4 pages 3.0

Downloaded 21 times


In this assignment we are going to analyze A.I.A (Eleftherios Venizelos Airport). This airport is the biggest in Greece and one of the best in Europe. This analysis includes the following parts: political, economical, socio-cultural, technological influences.

First of all according to the political influences of the airport we should work with the local communities to improve the quality of life in this region.

Secondly, the economical influences

The sources and uses of funds for the DM 4,1 billion project were as follows:

Sources In Euro Millions

European Investment Bank Loan 997 (45%)

Commercial Banks 312 (14%)

Airport Development Fund 300 (13%)

European Union Grants 250 (11%)

Greek State Grants 150 (7%)

Share Capital 134 (6%)

Shareholder Loans 45 (2%)

Cargo Terminal Loan 17 (1%)

All Other 14 (1%)

Total Sources 2,219 (100%)

Uses In Euro Millions

ICC Capex 6,340 (77%)

Capex Variations 624 (7%)

Pre-Operating Expenses 585 (7%)

Interest during construction 429 (5%)

Finance fees, hedging costs & other 305 (4%)

Total Project Cost 2,219 (100%)

Thirdly, we are going to analyze the socio-cultural influence of A.I.A.

these are the following: -churches

-Managing the environment


St. Peter's and Paul's Church, which is dated from the 15th century AD, was originally placed inside the airport, on the western runway construction location. The A.I.A relocated the church to a new position, outside the airport boundary fence in order for the church to be open to the local public at all times.

Zagani Hill. A Protohellenic Settlement was found on the top of Zagani hill and was successfully removed. All findings were classified and stored according to the instructions of the Ministry of Culture, which will determine where they will be finally located. Additionally, a model representing the settlement was prepared and is currently exhibited in our office...