Greece has announced a new model for privatisation of 10 regional ports

Greece’s government is promoting a new model for the utilisation of the 10 regional ports conceded to the state asset privatisation fund TAIPED, Shipping Minister Yiannis Plakiotakis announced last Wednesday.

TAIPED is already carrying out new assessment and sustainability studies with the aim of adopting a new model for the utilisation of the ports of Volos, Rafina, Igoumenitsa, Patra, Alexandroupoli, Iraklio, Elefsina, Lavrio, Corfu and Kavala, with an emphasis on forming separate development blueprints for each port.

Minister Plakiotakis pointed out that the government is not willing to sell off any public property asset, effectively speaking of leasing.

Notably, in recent days strong interest has been formally expressed in investment in port infrastructure in Greece by the ambassadors of both Qatar and Abu Dhabi, a development that may well have affected the government’s change of attitude. Plakiotakis did not rule out the possibility of a legislative intervention to change the previous government’s legal framework on port utilisation.