COSCO CONQUEST PIRAEUS

Piraeus Port Authority temporarily assigns two container docks to the Chinese company. Still in the running Thessaloniki.

After a long courtship, the owners Chinese Cosco now seem close to marriage to the port of Piraeus. Yesterday, the Piraeus Port Authority (PPA) has been awarded the management of docks Two and Three at Asian company, although still in provisional form. In race there was another Chinese company, Hutchison Port Holdings of Hong Kong (which had offered 4.06 billion). Cosco has been awarded the contract with a bid of 4.3 billion euros, which will add 620 million to restructure the terminal. The concession will last 35 years and will become final when Cosco will submit all documentation required by the port. The start of operations is scheduled for early 2009.

Thessaloniki - Greece remains open tender for the port of Thessaloniki. The Port Authority has not provided information on bids received, because the committee is still examining the documentation. Participants in the race are Cosco, Hutchison (together with pharmaceutical group Alapis), DP World (with Piraeus Bank). An announcement could come in the coming days.

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GREECE 2008/10: INFRASTRUCTURAL PREVENTION WORKS IN THE PORT OF PATRAS FOR MORE THAN 40 MILLION EURO

In the port of Patras there are planned works for the next two years to modernize existing structures, the development of deposed area / transport containers and modernization of existing marina. The news was given by the Organisation Delegate Administrative Port of Patras, Mr. S. Mammassi, who has stated that it also provides the reorganisation of the Services and the development of certified environmental management systems, hygiene and safety. The total investment is around 40 million euros.

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TURKEY: PRIVATISATION OF PORT OF BANDIRMA AND SAMSUN

There were approved by the Competition Board “the results of privatization (concession rights for 36 years) between the two main ports in Turkey that belonged to the Turkish State Railways (TCDD), that is of Bandirma, on the Marmara Sea, and Samsun, on the Black Sea. The port of Bandirma was awarded to local society Celebi Holding for an amount of 175.5 million dollars, after a competition that saw 12 players competing, while the port of Samsun saw prevail among six competitors, the Turkish society Ceynak Lojistik, who gave the figure of 125.2 million dollars. Read all »

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