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Thessaloniki Port To Expand

Four months after announcing an investment plan to double the capacity of the port of Thessaloniki,  the Thessaloniki Port Authority is in talks with the European Investment Bank in order to raise some of the funds necessary.

The plan calls for 225 mil. euro while the management tries to secure 100 mil. euro from EIB.

The necessary procedures for the opening of the tender for the second dock, a 150 mil. euro project, are estimated to be completed until the end of September.

The schedule for the completion of the project is 2014.

The Thessaloniki Port Authority, which holds the exclusive right for the Thessaloniki Port until 2051, tries to attract shipping companies and customers that left the port in  2008 due to the strikes against the privatization of the Cargo Terminal.
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