Process Commences for Privatization of Lavrio Port Authority

Greece’s privatization agency (HRADF) on Wednesday announced the commencement of an international tender for the majority stake (50% + one share) of the Lavrio port authority, with expressions of interest (EOIs) accepted in the first phase.

The specific port, well-known in antiquity as Lavrion, is located southeast of the greater Athens area. It is viewed as one of the most promising port facilities in the country, due to its proximity to Greece’s largest urban center, the Athens International Airport and nearby popular Cyclades Island destinations.

Lavrio has been eyed as an alternative cruise ship anchorage vis-a-vis extremely busy Piraeus and as a site for mega-marinas.

A proposed 60-year concession includes all of the port authority’s facilities and properties.

A decision by the agency, officially called the Hellenic Republic Asset Development Fund (HRADF), on increasing the duration of the concession will come before the second phase, i.e. request for binding offers.