Deal to trigger privatization developments

A possible deal between the government and the country’s creditors will signal the restart of a series of privatization projects, according to a top official at state sell-off fund TAIPED. Seven projects that have been frozen will get a new lease of life.

Piraeus Port Authority: All short-listed investors will be informed of a small amendment to the terms and conditions of the tender for the sale of a 67 percent stake in OLP.

Elliniko: It appears things have started moving again as regards the old Athens airport plot following a meeting last week between TAIPED and Lamda Development.

Regional airports: Despite the various suggested changes to the concession contract with Fraport for the 14 airports, the interventions will be likely be very limited, as the law provides little scope for change.

Astir Palace resort: TAIPED is seeking a way out of an impasse created after the constitutional court rejected a special development plan.

State properties: There is an ambitious plan for properties of ETAD and Attiko Metopo that had been rejected by TAIPED.

DESFA: The government has agreed to the concession of a stake in the gas transmission network operator to Socar, but with the state retaining 51 percent.

Trainose: Developments are also expected in the railway service company.

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