Parts of ports to be conceded to investors for utilization

By Nikos Bardounias

The government plans to move ahead swiftly with the concession of small parts of Greek ports for the supply of specific services, also known as “small contracts,” in order to reap additional funds for the restructuring of the country’s economy.

The state privatization fund (TAIPED) intends to concede parts of some of the country’s 220 ports to investors who are able to provide it with an agreeable strategic plan and are willing to pay an adequate amount.

Concessions of small-range services are seen lasting for 25 to 30 years, but the land will remain the property of the state. An example provided to Kathimerini concerned a “mixed” port, part of which could be conceded to a private investor for the installation of the necessary equipment and the construction of the appropriate infrastructure for hosting yachts in cases where there is no marina in the area or the existing one is full. Spaces such as unused port installations could also be conceded for utilization.