BUSINESS

Greece invites bids for privatizing Alimos and Chios marinas

TAGS: Privatizations

Greece's privatization fund invited investors on Monday to express interest in the sell-off of two key marinas in Athens and the Aegean island of Chios.

The Hellenic Republic Asset Development Fund (TAIPED) launched two separate international public competitive tender processes for granting the right to use and exploit the Alimos marina and the Chios marina for a period of at least 35 years in both cases.

The deadline for the initial expression of interest by investors is January 16, 2018 for the marina of Alimos and January 18, 2018 for Chios.

The marina of Alimos on Athens's southern coastline is one of the most important marinas in Greece and amongst the biggest marinas in the Eastern Mediterranean.

Alimos, currently offering 1,100 berths for leisure boats of various sizes, serves to a great extent the berthing needs of the yacht charter market of Athens. The upland area of the marina is also used for dry storage and yacht maintenance and it includes buildings of varying use.

The Chios marina is located in the central part of the eastern coast of Chios, 2.5 km from the city center of Chios and from the main port, and about 6 km from the island's airport.

"Yachting tourism is a priority for Greece and growth may be achieved through marinas' concessions as in the case of Alimos and Chios. Attracting investments in Greek marinas greatly impacts the overall image of respective areas and supports the tourism industry," Aris Xenofos, TAIPED's chairman, said during the launch of the two tenders.

[Xinhua]

Online