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Greece receives five bids for Kavala Port Terminal

Greece receives five bids for Kavala Port Terminal

Five non-binding bids have been received by Greece to run part of the port in the northern town of Kavala.

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The privatization agency of the country (HRADF) has received expressions of interest in a sub-concession to run the Philippos II port multipurpose terminal, currently controlled by the Kavala Port Authority.

The initial bidders are the consortium of IMERYS SA, Goldair Cargo and I.M.G., and the consortium of International Port Investments Kavala, including the Black Summit Financial Group, the EFA Group and GEK TERNA.

In 2010, at the start of a decade-long financial crisis, Greece embarked on an ambitious privatization programme to help reduce its public debt and attract investors to revamp and improve the sector of its assets.

So far from the initiative, which involves the selling of stakes in ports and gas utilities, the country has earned around 7 billion euros.

HRADF has confirmed that its advisors will review the expressions of interest and send to its board recommendations on which candidates will be eligible for the next step of the tender involving binding bids.

So far from the initiative, which involves the selling of stakes in ports and gas utilities, the country has earned around 7 billion euros.

Maritime Business World 

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