Privatization fund

In record time, the tender for the sale of DEPA Infrastructure by the Hellenic Republic Asset Development Fund (HRADF) to Italgas is completed.

The 57.5-million-euro concession agreement to use and exploit the marina of Alimos, in southern Athens, for a duration of 40 years was signed on Wednesday with Aktor Concessions.

The value of the agreement amounts to at least 177 million euros, including an up-front fee, an annual concession fee and a revenue-sharing expressed as a percentage of the marina's annual turnover.

Greek investor Aktor Concessions SA was nominated as the preferred bidder to be granted the right to use and exploit Alimos Marina in southern Athens for a period of 40 years, in the context of Greece's privatization program, the Hellenic Republic Asset Development Fund (TAIPED), the country's privatization fund, announced on Tuesday.

Privatization projects concerning rail service operator Trainose and carriage maintenance company Rosco have remained frozen over the last four months as the State Audit Council has yet to rule on the legitimacy of the concession contract of 100 percent of Trainose.

Araxos and Kalamata are the only two out of the 23 small airports around the country that appear likely to attract investor interest, as the vast majority of them seem to be of very little commercial vale, according to the valuation commissioned by state privatization fund TAIPED that was presented on Friday.

The state has accumulated debts of over 5.5 million euros to property management company Ethniki Pangaea, as it has yet to pay any money to the company for renting the building (pictured) of the former tobacco firm Keranis in Piraeus.

Confusion reigned on Thursday in Parliament over the government's plans for the new state privatization fund, as the list of assets to go under the hammer changes so frequently that few knew what was actually included.