As announced by OLT (Thessaloniki Port Authority), the issuance of the Presidential Decree represents a significant milestone for the city’s port. This development provides the company with the opportunity to fully implement its growth strategy through specific projects and investments.
In particular, with the approval of the updated Master Plan and the Environmental Impact Assessment (EIA), OLT is now in a position to fully execute the mandatory investments related to the port's upgrade and modernization.
Among the key investments OLT will advance, the extension of Pier 6 plays a pivotal role. This landmark investment will further enhance the port’s competitiveness and commercial activity, significantly improving its international standing and enabling it to accommodate container vessels of up to 24,000 TEU on major shipping lines.
Following the issuance of the Presidential Decree for the Master Plan, the processes for implementing the Pier 6 investment will commence immediately, with all necessary permits for the related construction works expected to be obtained in the coming months.
Additionally, the mandatory investment program includes the restoration and utilization of the Old Customs Station, as well as works to improve, repair, upgrade, and reconstruct existing port infrastructure.
These investments, combined with the completion of the port’s connection to the rail and road networks (PAThE and Egnatia Odos), as well as additional non-mandatory investments, will foster cross-border synergies and further strengthen the port’s competitive advantages, contributing significantly to the development of Thessaloniki and the broader region.
“The issuance of the Presidential Decree marks a new era for the modernization and development of Thessaloniki Port through significant infrastructure projects and large-scale investments. Having already made mandatory and non-mandatory investments exceeding 71.3 million euros since March 2018, OLT is fully prepared to implement its development strategy and the Master Plan projects, which will make a substantial contribution and have a multiplier effect on the economy and society, both locally and nationally. On our part, we would like to thank all the relevant government and state authorities with whom we have worked harmoniously during this time to approve and promote the port’s Master Plan,” stated Athanasios Liagos, Executive Chairman of OLT S.A.
The significant projects underway through the Master Plan will further boost the successful developmental trajectory that OLT has followed since its privatization. It should be noted that the company has demonstrated strong performance in container and bulk cargo handling, cruise services, as well as its expansion in the combined transport sector.
The investments to be implemented in the near future are focused on the long-term and will generate multiple benefits and positive synergies for the company and the port, for the national and local economy, as well as for the city of Thessaloniki and society at large.
