
Working visit of the Managing Director, Dimitris Politis, the Executive Director, Panagiotis Stampoulidis and executives of the Hellenic Republic Asset Development Fund-HRADF to the facilities of the Alexandroupolis Port Authority SA. was held today.
The two executive members of the Board of Directors and the executives of Hellenic Republic Asset Development Fund-HRADF met with the Managing Director, Konstantinos Hatzikonstantinou and the Chairman of the Board of Directors of OLA SA, Konstantinos Hatzimichael. The meeting discussed the next steps for the development of the port of Alexandroupolis, after the cancellation of the tender for the sale of a majority of the Organization’s share capital.
Issues
In particular, the following were discussed:
· The implementation of the projects for the restoration of the levels of the port basin and the entry-exit channel, the completion of the road network within the land zone of the port and its connection with the new Alexandroupolis Ring Road which is already under construction. These are projects that will upgrade the port’s operational capabilities and contribute to more efficient traffic management, given that the movement of vehicles bound for the port will not be conducted through the urban fabric of the city. The Strategic Importance Contracts Unit of HRADF in collaboration with the Ministries of Infrastructure and Transport and Shipping and Island Policy will undertake the maturation, tendering and financing of the projects with a total budget of 23 million euros (18.5 million euros for the dredging projects and 4, 5 million euros for the completion of the road network). The Ministry of Shipping and Insular Policy will act as the financing body, the Ministry of Infrastructure and Transport as the Contracting Authority and the HRADF as the project maturation body. The specific infrastructure projects have already been designated as projects of strategic importance by the Government Committee on Contracts of Strategic Importance and the process of their inclusion in the Recovery and Resilience Fund is about to be completed.
· The completion of the international competition conducted by HRADF for the recruitment of a Strategy & Business Development consultant, who will undertake the preparation of a Business Plan and will study the development possibilities of the Port Organization. Based on the Business Plan, decisions will be made for the implementation of investments, such as the supply of loading and unloading equipment and the upgrading of port infrastructure. The consultants will also consider the possibility of cooperation with Alexandroupolis Port Authority with new users, while they are expected to assist in the implementation of the new business plan if deemed necessary. March 20, 2023 has been set as the final date for the submission of bids in the tender with a budget of 550,000 euros.
· The requests of existing and potential users of the port for the lease of spaces within the Organization’s facilities.


Latest News

Greece, Hellenism celebrate 202nd anniversary of 1821 independence struggle
Greece and ethnic Greek communities around the world on Saturday celebrated the nation’s annual March 25 Independence Day

Intrakat eyes acquisition of Ellaktor subsidiary Aktor in deal worth roughly 200mln€
All three of the companies are among the top construction companies, developers and infrastructure concessionaires in the country

Travel receipts up by 72% in Jan. 2023
The balance of travel services in January 2023 showed a surplus of 26.3 million euros, down from a surplus of 44.0 million euros in January 2022

Bilateral work group tasked with considering revival of plan for Burgas-Alexandroupolis pipeline
The meeting was attended by each country’s energy minister, Kostas Skrekas and Rossen Hristov, respectively

US President Biden proclaims Greek Independence Day as a national day of celebration of Greek, American democracy
Inspired by Greece's War of Independence in 1821, Biden referred in his message to the historically high level of Greek-American relations

PPC announces higher operating earnings, lower debt; EBITDA up 9.4% from 2021
Public Power Corp. (PPC) SA on Thursday reported higher operating earnings

Bloomberg op-ed piece: Greece’s recovery ratified in its low cost of borrowing; below average for investment-grade borrowers anywhere
A high-profile opinion piece by Bloomberg

Amendment suspends building activity on Mykonos in areas outside town planning zones, following last week’s assault on archaeologist
Additionally, and even more importantly, an amendment passed in Parliament on Tuesday suspends all building activity on Mykonos in areas outside of town planning (zoning) areas

Titan cement group reports 33.1-percent increase in 2022 sales
Titan Group reported a 33.1-percent increase in 2022 sales, reaching 2.282 billion euros

Renewable energy source power production in Greece exceeds 10GW in early 2023
Power production from renewable energy sources in Greece exceeded the 10GW-threshold in early 2023