Draft bill linked with restructuring, privatization of Elefsina shipyards unveiled for public deliberation

A draft bill to restructure and sell-off the Elefsina Shipyards, containing a mere five articles, was tabled for public deliberation on Thursday until July 13.

If ratified, as expected, the draft legislation will give the relevant development minister authorization to represent the Greek state, as one of the creditors of the debt-laden industrial concern, in a pending privatization.

The Greek state is, by far, the biggest creditor of the shipyards, located due west of the port of Piraeus, in the middle of Greece’s biggest and most important industrial zones.