Bloomberg News

Thessaloniki Port Says Two Groups in 2nd Phase of Marina Tender

July 30, 2012

Thessaloniki Port Authority SA (OLTH), 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 ($13.9 million) marina.

Lamda Development SA (LAMDA) 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 today.

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.

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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