Two concession opportunities are expected to draw wide interest

Greece’s state-run sell-off fund, TAIPED, is in the process of hiring consultants to aid in the sales of concession contracts for the marinas on the holiday islands of Mykonos and Rhodes, which should occur later this year.

TAIPED is seeking long-term concession contracts and will work with the consultant to see if the marina, cruise port and costal shipping operations at Mykonos should be split and let separately, along with additional onshore development opportunities according to ekathimerini.com.

The plan is to be modeled after a similar, successful letting at the Alimos Marina in Athens involving commercial onshore development, inclusion in local governments’ development plans and will be licensed through presidential decree once contactors are selected.

The two concession opportunities are expected to draw wide interest and serious investment based on the destinations’ general popularity and its existing cruise and yachting tourism.