The tender for Piraeus Port to begin on Friday

The tender for Piraeus Port to begin on Friday


Review Hari Stefanatos

The tender for the Piraeus Port Organization (OLP) was approved during a meeting of the Hellenic Republic Asset Development Fund (TAIPED), on Wednesday, paving the way for the sale of a 67% equity stake.

The committee reached a decision after first taking into consideration comments that were expressed during a debate in the Parliament’s Economic Affairs Commission.

According to  TAIPED chief executive, Yiannis Emiris, potential investors will have 45 days to express their interest. The tendering procedure will formally start on Friday and is expected to be completed by the end of 2014.

Excluding the ports of Piraeus and Thessaloniki, the other 10 main ports of the country exhibited a 79% increase in profits for 2013 or €8.1mln, compared to 2012 profit of €4.5mln, as a result of better management and cost reduction policy.

(Source AMNA, ekathimerini)