PPA S.A. has announced that the construction company TEKAL S.A. was awarded as the construction contractor of the Cruise Terminal Expansion project of Piraeus Port Authority, after the financial bid of $113 million plus VAT, initially budgeted $180 million.
The new cruise pier is one of the mandatory investments of the master plan of COSCO SHIPPING for the PPA. The project is also funded by the Regional Operational Program for Attica 2014-2020. The expansion will be located next to the existing cruise facilities, where large-scale integrated infrastructures will be created in order to meet the growing needs and contribute to the tourism development and the emergence of Greece as a tourist hub in the cruise sector too.
The new quay wall has approximately 1,510.00m length and a variable depth of -19.00 to -29.50 m. The building of two (2) completely safe berths is provided, one of 390.00m length and one of 350.00m., respectively. The construction works will begin in February 2020 with a 32-month completion schedule.