Greece Launches Sale of Crete Port Stake

April 5, 2021

Credit: Efesenko/AdobeStock
Credit: Efesenko/AdobeStock

Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.

The conservative government has been keen to attract investment and upgrade its port facilities across the country after years of underspending and a decade-long financial crisis.

Investors can submit expressions of interest for a 67% stake in the port of Heraklion, the busiest on Crete, by July 30, the country's privatization agency, which is managing the sale, said on Monday.

The port serves cruise ships, ferries and freight vessels.

Greece is also selling majority stakes in the ports of Alexandroupolis and Igoumenitsa in northern and western Greece, as part of a privatization scheme aiming to raise 1.8 billion euros ($2.11 billion) this year. 

($1 = 0.8511 euros) 

(Reporting by Angeliki Koutantou; Editing by Alison Williams)

Logistics News

Waterborne Technology Platform Welcomes EU STIP

Waterborne Technology Platform Welcomes EU STIP

EU Funds 70 Clean Energy Projects

EU Funds 70 Clean Energy Projects

Port of Savannah Container Volumes Rise 4% Through October

Port of Savannah Container Volumes Rise 4% Through October

Russia Ships Less Wheat to Mexico in 2025 at 58,000 Tons

Russia Ships Less Wheat to Mexico in 2025 at 58,000 Tons

Subscribe for Maritime Logistics Professional E‑News

China's C919 rivals Boeing and Airbus makes its debut outside Asia
China's C919 flies over Dubai in a bid to win Gulf buyers
Low-cost carrier AirAsia X plans new long-haul European routes, CEO says