19 March 2018

DIEP Belterra consortium in Thessaloniki port by early 2018

27 September 17 - RE+D Magazine
DIEP Belterra consortium in Thessaloniki port by early 2018



Public entity - GREECE


Investment - GREECE

Eurobank Property Services

Consultant - GREECE


Agency - GREECE

IBI Group

Consultant - GREECE


Antulio Richetta

Director IBI Group

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services
The consortium of DIEP GmbH-Terminal Link SAS-Belterra Investments Ltd will officially take over the management of Thessaloniki port by the end of this year or in early 2018 at the latest, Sotiris Theofanis, coordinator of the consortium said on Thursday.


The consortium is determined to complete works on expanding the sixth dock of the port early and to replace its mechanical equipment within 6-12 months from taking over, he said.

Theofanis said the contract for the purchase of a 67 pct of Thessaloniki Port Authority is expected to be signed in the next 10 days and noted that the consortium planned to complete works on expanding a sixth dock earlier than scheduled (probably in the next four years) as part of an investment programme worth 180 million euros in the next seven years.

"We will try everything to expand the pier in four years allowing New Panamax ships to approach the port," Theofanis said, adding that the consortium planned to replace a significant part of mechanical equipment in the port within one year after taking over.

He noted that the consortium planned to purchase four or five post panamax cranes and offered assurances that South East Gateway Thessaloniki Ltd did not intend to operate the port as "satellite".

"Terminal Link SAS has 14 ports and no competitive interest in the region and there is no plan to operate the Thessaloniki port as satellite and we insist on that," he said.

Theofanis added that the port was not a rival to Piraeus port. Kyriakos Loufakis, president of the Greek International Business Association (SEVE) said that the port could add around 8.5 pct to Central Macedonia's GDP if it could handle 800,000 TEUs transit.


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