ECONOMY

OLTH eyes capacity potential

The Thessaloniki Port Authority (OLTH) is to follow a different course from that of its sister port in Piraeus and will maintain control of its own container station, for the time being at least. However, Merchant Marine Minister Anastassis Papaligouras stated that the government has not yet abandoned its plans to cooperate with a global port administrator: «If fresh interest from a foreign company emerges for the Thessaloniki port container station, we will examine the issue again and a concession is not impossible,» he said this week. OLTH’s primary target is to more than double the capacity of the commercial port by 2014, in an investment program to total 225 million euros and to be funded by private capital and funds from the European Investment Bank. Within this context, it will proceed with the procurement of electrical and mechanical equipment costing 60 million euros and, in the next 18 months, it will begin infrastructure work and acquire equipment.