Port of Thessaloniki

Local Greek newspaper Kathimerini reports four bids are expected to be lodged this week to run Thessaloniki port. The Friday deadline for bids for a 67% in Greece’s second largest port are expected to include pitches from a consortium comprising Deutsche Invest Equity Partners, Terminal Link (a subsidiary of CMA CGM) and Russian-Greek investor Ivan Savvidis’s group, as well as from DP World, Japan’s Mitsui & Co, and Philippines-based International Container Terminal Services, Inc (ICTSI).

Whoever wins the bid will have to spend a minimum of EUR180m over seven years upgrading the port.

Greece’s dire economic situation this decade has seen a raft of controversial privatisation initiatives. Piraeus, Greece’s largest port, is now run by China’s Cosco, for instance.

http://splash247.com/four-bids-expected-thessaloniki-port/?mod=djemlogistics

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s