Concession agreement signed for US$11 million Harbor development Project in Greece
The Hellenic Republic Asset Development Fund (HRADF) has signed a concession agreement with the concessionaire “PYLOS MARINA S.A.”, which was established by D MARINAS HELLAS S.A. and TEMES S.A., as the Preferred Investor for the development of the Marina of Pylos.
The total value of the agreement includes a one-time payment at the start of the concession and an additional percentage of the Marina's annual gross revenue. The Concessionaire is estimated to implement investments of more than EUR 10 million (US$ 11 million) in the coming years to upgrade the infrastructure and operational capacity of Pylos Marina which involves the development of the small harbor within the Bay of Navarino in Athens.
Pylos Marina is located in the central and north-eastern part of the coastal zone of the city of Pylos, with the possibility of mooring about 130 tourist boats with a length of 8 to 30 meters.
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