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Privatization of Greek ports bill gets go-ahead March 13, 2008

Posted by grhomeboy in Business & Economy.
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The bill conceding the service sectors of the Piraeus and Thessaloniki ports to private investors was passed last night, in principle, in Parliament.

The government has shown therefore that it is determined to proceed with the major reform of ports that will boost their essential infrastructure and render them more competitive, using contracts that had been signed in 2002 and 2003 for the first time and conceding the management of ports to the Piraeus and Thessaloniki Port Authorities [OLP and OLTH, respectively].

The upgrade of their infrastructure via the agreement of private investors to undertake their service sectors is estimated to bring in up to 450 million euros.

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