Greece: Ten lesser ports won’t be privatized, ports secretary says

limani alexandroupoli

Ten lesser ports around Greece will not be privatized through the sale of a major stake of their shares to a strategic investor – as was done for the Piraeus Port Authority and is underway for Thessaloniki – but instead the government will grant concessions for specific port activities.

The general secretary for ports at the Greek shipping and island policy ministry, Christos Lambridis, clarified the position on Monday, in statements to a radio station.

Shares of the 10 port authorities – Alexandroupolis, Kavala, Corfu, Igoumenitsa, Patras, Irakleio (Crete), Volos, Rafina, Lavrio and Elefsina – have nevertheless been transferred to Greece’s privatization fund (HRADF) for possible exploitation.

Meanwhile, the Court of Audit approved the concession contract for the privatization of the Thessaloniki Port Authority by a consortium comprised of DIEP -Terminal Link-Belterra, which has been declared the preferred investor for a 67-percent stake in the port.

According to reports, the approval is attached to two conditions, which however, do not affect the concession contract. One condition deals with the establishment of a managing company by the consortium, and the other deals with procedural matters.

On their part, two unions representing workers at the Thessaloniki Port Authority will file legal petitions to block the privatization, including an appeal of the Court of Audit approval within a foreseen 15-day deadline.

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