Bloomberg News

NEL Ferry Company to Operate Normally as Greece Repays Some Debt

June 13, 2012

Maritime Company of Lesvos SA will continue all trips to public service routes after the Greek government promised to immediately repay part of the 8.5 million euros ($10.6 million) it owes the ferry operator.

“We were assured that part of the money owed will be repaid immediately and subsequently all routes to all remote islands will continue to be carried out normally,” NEL, as the company is called, said today in a statement on its website.

The Greek government subsidizes certain water and air routes that are the only connections to main ports or airports because transport to these places is deemed a public service.

The payment has been overdue since October, NEL said, adding that it hopes the situation will be resolved once a government is formed.

Greece is holding a second election on June 17 after a May 6 vote failed to produce a government.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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