Hong Kong’s Hutchison Port Holdings (HPH) has been named the preferred bidder by the Board of Thessaloniki Port Authority for the development of new container facilities at the Port of Thessaloniki.
The Port of Thessaloniki, Greece’s second-largest container port, is located in the north of the country. This location ensures the port will benefit from the economic development of the Balkan countries and their accession to the EU, especially in terms of transit cargo. Development of the local hinterland is also expected to have a favourable effect on growth. An offer of Eur 419 million (US$653.18 million) has been made representing the present value of the guaranteed portion of the annual fees over the entire 30-year concession period. There are other charges such as annual rental fees for the docks which would be in addition to the above amount. The Port currently has an area of 35 hectares, a total quay length of 595 metres and a depth alongside of 12 metres. When construction is complete, the port will have a 71-hectare area, a continuous quay of 1,770 metres and a depth alongside of up to 15.8 metres.
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