It was announced on Friday that Crete is to have a new airport. The current airport in Heraklion is stretched to the limit and has no expansion options. The location of the new airport is near Kastelli, South-East of Heraklion. The area allocated for this project is double the size of the current airport. The cost of the project is estimated at 1.1 billion euros and projected building time is 8 - 10 years. The article can be found at http://www.mpa.gr/article.html?doc_id=565606