The Hellenic Republic Asset Development Fund (HRADF) has announced the start of the development process of the Volos Port Authority (VPASA) in Greece.

HRADF has published an international tender for the sale of a controlling stake in VPASA. Consultants should explore the possibility of investment interest in the sale of a share in the authorized capital of the company, which is at least 67%. The concession agreement between Greece and VPASA is for 60 years and expires in 2062. VPASA can use the port of Volos, the offshore facilities of the fishing shelter, as well as the port facilities of Almiros and Agria. VPASA is engaged in freight and container transport, steel and scrap, bulk and bulk cargo, and passenger transport.

Deloitte Business Solutions SA and Euroconsultants SA act as financial advisors and Doxiadis Associates act as technical advisor.