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Government Official Says Corfu Port Will Not Be Privatised

Government official says Corfu port will not be privatised

Government Official Says Corfu Port Will Not Be PrivatisedSource: Hellenic Republic Asset Development Fund

Corfu, Greece (PortSEurope) November 29, 2018 – Secretary General for Ports, Port Policy and Maritime Investment Christos Lambridis has said that the port of Corfu will not be privatised. Instead, the government will propose a law offering concessions for specific activities at the port, such as cabotage.

“With the new law, the port of Corfu will remain public. Let me remind you that the plan that existed to date from the previous governments concerned the privatization of the port of Corfu as well as other 9 ports all over Greece. This will not happen and has not been included in the consultation. What will happen is the ability, as is the case across Europe, to attract investment in individual activities that the port authority itself can not develop, this is the ministry’s view”, said Lambridis.

The proposed legislation allows for the management and exploitation of port activities by individuals but not a complete sale of ports and each port organization reserves the right to sub-concessions with the right to “power and disposal” to remain with the Hellenic Republic Asset Development Fund (HRADF), responsible for privatising Greek state-owned assets.

The Greek government is currently looking to privatize a portfolio of 10 ports in the form of sociétés anonymes, namely the ports of Volos, Rafina, Igoumenitsa, Patras, Alexandroupolis, Heraklion, Elefsina, Lavrion, Corfu and Kavala.

Following the privatisations of Piraeus and Thessaloniki ports, the government is now looking at a concession model for other ports.

Source: Corfu Press

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