Hellenic Republic Asset Development Fund

Perhaps the most historic project of the recent years was signed a short while ago. The investment of Hellinikon Project was signed and got off the ground just a few hours ago, after 7 years of waiting and almost 20 years from the day the old airport of Athens stopped operating.

State privatization agency TAIPED will grant short-listed bidders the right to submit binding financial offers for the concession of Egnatia Odos by April 1, after not submitting their offers by the December 11 deadline.

The government is facing hard legislative and executive work ahead to complete the privatization projects that have been ongoing for a long time and to proceed with others that have run into problems. At the same time, it will take an extra push to start other projects concerning the privatization of state assets that have not been utilized.

Greece received one binding bid for the long-term Egnatia Odos highway concession in the north of the country, privatization agency TAIPED said on Friday.

The bidder was a consortium of GEK Terna with Egis Projects, the agency said in a statement, adding that it would not unseal the bid until a court ruled on an injunction filed by two consortiums.

Cosco Shipping has asked Greece to hand it another 16% of the share capital of Piraeus Port Authority (OLP), in which it already holds a 51% stake, citing Greek authorities' delays in the licensing of the investments the 2016 concession contract provides for.

Greece has pushed back by a month a deadline for investors to bid for a contract to run an underground gas storage facility in the northern Aegean Sea.
Privatisation agency HRADF (or TAIPED), which manages the concession, said late on Tuesday that it had extended the deadline for initial bids to Sept. 30 from Aug. 31, without giving a reason for the delay.

Greece's privatization agency (TAIPED) said on Tuesday that it has shortlisted seven investors for the purchase of a majority stake in the country's dominant gas supplier, DEPA Commercial.

Athanasios Liagos, the port project manager at state privatization fund TAIPED is to be appointed executive president at Thessaloniki Port Authority (OLTH), Kathimerini understands.
He will also have to leave the board of Piraeus Port Authority (OLP).

The coronavirus pandemic has created major uncertainties in the project for streamlining the state corporations controlled by the Hellenic Company of Assets and Participations (EESYP) and in the privatizations program of state asset utilization fund TAIPED, according to a European Commission report released on Wednesday.

The 57.5-million-euro concession agreement to use and exploit the marina of Alimos, in southern Athens, for a duration of 40 years was signed on Wednesday with Aktor Concessions.

The value of the agreement amounts to at least 177 million euros, including an up-front fee, an annual concession fee and a revenue-sharing expressed as a percentage of the marina's annual turnover.