Tenders for Greece’s Two Main Ports to be Announced Soon



ports_sell-off_stakes_greece The Greek government and the Hellenic Republic Asset Development Fund (HRADF) will announce the dates for the tenders of Greece’s two main ports in the next two weeks.

According to Greek government sources, the country’s privatization agency will soon proceed with the sale of the majority stakes of Piraeus Port and Thessaloniki Port. Privatizing the ports is part of the new bailout agreement‘s required reforms.

An HRADF official spoke to the Athens-Macedonian News Agency saying that the binding bids from interested parties are expected to be tabled by the end of October, while binding bids are also expected for Greek railway operator TRAINOSE and rolling stock company ROSCO by the end of December.

Creditors expect Greece to complete all privatizations that are already in deliberations as part of the prior actions for the third loan. These include ports, regional airports and the site of the old Athens airport in Elliniko. They also suggested that more privatizations should be made.