Thessaloniki Port Authority SA, which operates Greece’s second-biggest port, invited two investors to submit binding bids in a tender to build and operate an 11.3-million-euro marina.

Lamda Development SA and a joint venture led by Aktor SA qualified for the second phase of bidding and can submit offers by mid-October, the company said in an e-mailed statement on Monday.

Three offers were made in the non-binding phase of the tender for the 218-berth marina, which will take about three years to build.

The concession to run the facility will be for at least 30 years and will help to boost tourism as well as recreational and cultural activities at the port, according to the port company.

Sales of stakes in listed companies, including Thessaloniki and other ports, are part of a plan to sell Greek state assets. The sales are among conditions agreed in return for bailout funds from the European Union and the International Monetary Fund. [Bloomberg]