Greece Gets Five Initial Bids for Kavala Port Terminal

October 23, 2020

© lobodaphoto / Adobe Stock
© lobodaphoto / Adobe Stock

Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatization agency (HRADF) said on Friday.

HRADF received expressions of interest for a sub-concession to operate a multipurpose terminal of Philippos II port, currently operated by Kavala Port Authority.

The initial bidders are a consortium of IMERYS SA, Goldair Cargo and I.M.G., and the International Port Investments Kavala consortium, which includes Black Summit Financial Group, EFA Group and GEK TERNA. Also bidding are PFIC Ltd, Quintana Infrastructure & Development and finally Thessaloniki Port Authority.

Greece embarked on an ambitious privatization plan in 2010, at the start of a decade-long financial crisis, to help reduce its public debt and attract investors to overhaul and boost the business of its assets.

The country has raised about 7 billion euros so far from the program, which includes the sale of stakes in ports and gas utilities.

HRADF said its advisors will evaluate the expressions of interest and submit recommendations to its board on which candidates will qualify for the next phase of the tender which will involve binding bids.


(Reporting by George Georgiopoulos, Angeliki Koutantou and David Evans)

Logistics News

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Consilium Safety Group Appoints New Chairman of the Board

Consilium Safety Group Appoints New Chairman of the Board

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

MDL Leases Land for Peterhead Offshore Project Support Site

MDL Leases Land for Peterhead Offshore Project Support Site

Subscribe for Maritime Logistics Professional E‑News

BHP signs charter agreements with COSCO for dual-fuelled ammonia vessels
Indian lawmakers review aviation safety after Air India crash
Airline SAS buys up to 55 Embraer aircraft in a deal worth $4 billion