EBRD considers financing Greek regional airports privatization
The European Bank for Reconstruction and Development (EBRD) is considering joining a group of lenders to provide long-term financing to the concessionaire for the privatization of 14 Greek regional airports.
The Greek government is in the process of implementing a significant privatization programme, which includes the privatization of 14 regional airports in Greece with a view to transferring responsibility for their modernization, maintenance, management and operation to the private sector under long-term concession agreements.
Fraport Greece, the concessionaire for the 14 Greek regional airports, is owned by Fraport AG and Copelouzos Group. The concession agreements were signed with the Hellenic Republic Asset Development Fund S.A. (HRADF) and the Republic of Greece on 14 December 2015.
EBRD's financing (€90 million, US$101 million) would support the expansion of private sector participation in the airport sector in Greece.
The proposed project is a significant large scale infrastructure project in Greece to be financed under a Public Private Partnership (PPP) arrangement.
The successful completion of the project is expected to demonstrate that well-structured PPPs in Greece will generate investor appetite and bring large scale external investment into the Greek economy.
Country news
-
-
August 22, 2016
Cosco completes acquisition of Piraeus port
COSCO Container Lines Co., Ltd. (COSCO), a Chinese leading provider of integrated container shipping service, has announced it has officially completed the acquisition of a majority stake in Piraeus Port, one of the busiest passenger ports in Europe and one of the top cargo ports in the Mediterranean. Read more -
July 27, 2016
Privatization of Greece's Rosco re-launched
Greece has decided to re-tender the privatization of the Hellenic Company for rolling Stock Maintenance S.A. (ROSCO), which provides maintenance, repair and reconstruction services in respect of rolling stock for railways and other track-based systems. ROSCO is currently the sole provider of rolling stock maintenance services in Greece. Read more -
July 15, 2016
Only one bidder submits proposal for Greek rail privatization
Ferrovie Dello Stato Italiane S.p.A. Read more -
July 11, 2016
Crete´s Kastelli airport PPP deadline extended again
According to sources, Greek Prime Minister Alexis Tsipras said: Read more -
April 18, 2016
Three bids announced in Greek trains privatization
Greece's Hellenic Republic Asset Development Fund (HRADF) has announced that three investment groups expressed their initial interest for the sale of 100% stake of TRAINOSE S.A. Read more
