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

Authorities Make Major Cocaine Bust in Port of Barcelona

Authorities Make Major Cocaine Bust in Port of Barcelona

European Commission Urged to Take Action on Calves

European Commission Urged to Take Action on Calves

Roll Group Expands Heavy Gantry Capability in Indonesia

Roll Group Expands Heavy Gantry Capability in Indonesia

Saipem Sees Business Opportunities in Green Ammonia, Offshore Wind

Saipem Sees Business Opportunities in Green Ammonia, Offshore Wind

Subscribe for Maritime Logistics Professional E‑News

Eurostar cancels a quarter of all services, urges versus travel
Leonardo and Intermarine to provide Italy with 5 minehunter vessels
The top US states for sustainable power generation capacity: Maguire