Greece to Begin Procedures to Privatize Ten Regional Ports



The port of Volos in Thessaly.

The Greek government has launched the necessary legal procedures for the further commercial development of ten large regional ports in the country, according to an announcement issued on Friday.

Finance Minister Christos Staikouras and Shipping and Island Policy Minister Giannis Plakiotakis called on the Hellenic Republic Asset Development Fund (HRADF) to immediately begin the procedures after analyzing the evaluation surveys for each of the ports of Alexandroupolis, Kavala, Volos, Rafina, Elefsis, Lavrio, Igoumenitsa, Corfu, Patras and Heraklion.

The two ministers expressed the government’s desire for the Fund to proceed with the selection of an advisor to launch an international bidding process for the ports.

The ministries also said in the announcement that following this procedure, each port will become a center of local growth with multiple benefits in terms of attracting investments, creating jobs and raising commerce on a regional level.

The country will also benefit both economically, with higher public revenue, and geostrategically with the increase of international trade through Greek ports.

International Airport of Athens

Meanwhile, the HRADF also announced on Friday that nine investment parties have qualified to proceed to the second phase of a bidding process, the “Binding Offers Phase,” as part of their efforts to acquire the 30-percent stake in the Athens International Airport SA (AIA), which is owned by the HRADF.

With information from AMNA