Indian-Greek venture offers 480 million euros to build Crete airport

ATHENS (Reuters) - A joint venture of India's GMR Infrastructure and Greece's construction group GEK TERNA offered 480 million euros ($509.42 million) to build a new airport on the island of Crete, sources close to the project said on Wednesday.

The venture submitted last year the sole bid to build the new airport at Kasteli, a public-private partnership project.

"The financial offer was unsealed on Tuesday," one of the sources told Reuters on condition of anonymity.

(Reporting by Angeliki Koutantou)