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Thessaloniki Port In The Spotlight


The Thessaloniki port tender candidates are set to fight hard over the concession of the container terminal. Participants have raised objections against each other and sources say that the concessionaire is expected to be proclaimed at the end of June or beginning of July.


Dubai Ports filed an objection against Hutchison, while Hutchison filed objections against Dubai Ports and Cosco.


As far as the financial bids are concerned, market sources estimate them at over 1 billion euro, that is three times higher than the market value of Thessaloniki Port Authority. Market sources do not exclude the possibility of Cosco being awarded both Piraeus and Thessaloniki port.


Coscos financial bid on Piraeus port , disclosed yesterday, amounts to 4.305 billion euro, 79% of which is guaranteed, plus 620 million euro of investment. The Hutchison-Lavrentiadis joint venture submitted a bid of 4.063 billion euro, 75% of which is guaranteed and extra investment of 354 million euro. Both bids were far higher than market predictions.


Participants in the Thessaloniki port tender include:


- P&O, a subsidiary of UAEs Dubai Ports World in cooperation with Aktor Concessions SA and Pireus Bank


- Chinas Cosco Pacific Ltd and


- Hong Kong-based Hutchison in cooperation with Alapis and LYD

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