TAIPED announces Lavrio port authority stake sale

Published by Kathimerini on Fri, 03/08/2024 - 05:37

The tender for the concession of Lavrio port is set to begin in the next few weeks. Sources tell Kathimerini there are at least two major cruise companies from the US that are interested, even though the utilization of the port proceeds with the sale of 67% of shares and not the concession of the cruise pier. Lavrio currently sports a modern passenger terminal with the capacity only for small and medium-sized cruise liners; such vessels are likely to increase in numbers as the Aegean will in future likely to be served to a lesser extent by huge 300 -meter cruise ships with 4,000-5,000 passengers that have drawn protest from the island destinations they call at.

The Hellenic Republic Asset Development Fund (TAIPED) issued a call of interest for a majority stake sale (50%+1 share) in Lavrio Port Authority SA on Wednesday.

The authority has the exclusive right of use and development of the southeastern Attica port's sports fields, buildings and facilities through a 60-year concession it has signed with the Greek state.

The right expires in 2062, but may be extended; if this happens, the extension will be published on TAIPED's page before the request for binding offers, or phase 2 of the tender process.

The port of Lavrio is near popular destinations, such as the Cycladic islands, and to the Athens airport, and lends itself particularly to tourism development including cruise ships and the mooring of recreational boats.

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Company

Lavrio Port Authority SA

Organization

Hellenic Republic Asset Development Fund

SocialTags

Athens Riviera
Lavreotiki
Lavrio
Athens
Hellenic Republic Asset Development Fund
Attica