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Greek Privatisation Agency Comments On Regional Ports

Greek privatisation agency comments on regional ports

Source: Port Authority of Alexandroupolis
Athens, Greece (PortSEurope) July 26, 2019 – Speaking at the “2nd Athens – International Investment Synergies – Joint Ventures Forum”, which was organized by the Hellenic-Swiss Chamber of Commerce, Executive President of the Hellenic Republic Asset Development Fund (HRADF/TAIPED), responsible for privatising Greek state-owned assets, Aris Xenofos, said that the belief that growth requires new capital from abroad and HDRAF is at the forefront of
this effort and inevitably on the radar of all parties who are interested in investing in Greece. Xenophos stressed that privatization and investment promote growth, increase competition, create new jobs and restore the country’s credibility. He said that since its inception in 2011, HDRAF has handled Greek government assets worth more than €8 billion with a total multiplier benefit for the economy exceeding €20 billion, including advances on payments, concession fees and mandatory capital investment. Regarding the country’s 10 regional ports, he said, the new government will likely review the current legal framework to provide flexibility and value for the regional ports, adding that on the basis of previous studies, the harbours of Alexandroupolis and Kavala in Northern Greece and the ports of Igoumenitsa and Corfu in Western Greece are leading candidates. These ports undoubtedly have a strong role to play, contributing to the upgrading of the country’s infrastructure and, taken together with the rail and road transport complex that has also developed, Greece is becoming a transport and commerce gateway to Europe. Copyright (C) PortSEurope. All Rights Reserved. 2019.

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