Aktor Concessions to manage Alimos Marina for a 40-year period

With 1,100 berths, Alimos Marina is one of the Mediterranean's largest facilities of its kind

Alimos Marina in Athens

Greek company Aktor Concessions SA has been selected as the preferred bidder via e-auction for the right to manage Alimos Marina in Athens for a 40-year period, Greece’s assets fund (HRADF) announced at the end of April as part of its ongoing marina privatisation programme.

Aktor Concessions will put forward a total of €57.5m (NPV), with the value of the agreement coming to a total consideration of at least €177m, including an annual concession fee and a share of revenues as a percentage of the marina’s annual turnover.

The marina competition was carried out via e-auction and included bids by Lamda-Dogus Marina Investments SA, and Aviareps-Cosmos Consortium among the initial 10 shortlisted for the project.

Aktor Concessions is also bound by the agreement to implement €50m worth of investments over the next five years aimed at upgrading infrastructure in order to establish the marina into a top tourist port destination.

Besides modernising existing port infrastructure and ship-laying/maintenance services, other activities include the regeneration of the marina’s land area through the construction of 18,500sq m of building facilities, as well as the creation of recreational areas, boardwalks and park areas complete with dining areas, shops, hotel facilities, offices and playgrounds.