The Hellenic Republic Asset Development Fund (HRADF) announced the launch of three international tenders for the privatisation of the Greek ports of Alexandroupolis, Igoumenitsa and Kavala.
Athens, Greece: 20 July 2020
According to HRADF, the Port Authorities of Alexandroupolis and Igoumenitsa will be developed by a means of a sale of a majority stake of at least 67%. The Kavala Port Authority will be developed through a tender process for the sub-concession of multi-purpose terminal within the port.
The Alexandroupolis Port Authority has been granted the right to exclusively use and operate the buildings, land and facilities of the port land-side zone and the fishing shelter of Makriby through a concession agreement. This includes administrative jurisdiction over the port of Kamariotissa in Samothraki and the Therma fishing shelter of Samothraki.
For Igoumenitsa, the tender will grant the right to exclusively use and operate the buildings, land and facilities of the port land - side zone of the port of Igoumensita, the fishing shelters of Sagiada and Plataria and the pleasure boat shelter of Sivota by virtue of a concession agreement.
The tender processes for both ports will be held in two phases: (a) submission of expressions of interest and prequalification of interested parties and (b) submission of binding offers and selection of the preferred bidder. Interested parties are invited to submit their expression of interest on Friday, October 2, by 5pm (Athens time).
HRADF has also issued an invitation for Expression of Interest for the sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within the “Philip II” port. This includes:
The existing pier with a paved area of approximately 117,000 sq.m.;
An additional plot of unpaved land and reclamation area of approximately 165,000 sq.m;
The detached mole/breakwater;
The commercial activity;
Certain equipment of the port.
The sub-concession will be for a minimum duration of 40 years.
The tender process of Philip II port will be held in two phases: (a) submission of expressions of interest and pre-qualification of interested parties and (b) submission of binding offers and selection of the sub-concessionaire. Interested parties are invited to submit their expression of interest on Friday, October 2nd, 2020, until 14:00 (Athens time).
Navigator Consulting offers investment due diligence, business planning, financial modelling and risk analysis for infrastructure, marina, hotel and tourism investments in Greece. We have advised on some of the largest hotel and marina investments and privatisations in Greece since 1997.
For further information, please contact:
Philip Ammerman
Managing Director
Sources:
HRADF Press Release. 17 July 2020
Greek Travel Pages. 20 July 2020