The signing of the Delivery-Receipt Protocol between the Port Authority of Kavala and the sub-sectional company “SARISA SARISA Port of Kavala Philip II SA” (SARISA SA), announced by HRIP. The signing of the Delivery-Reception Protocol marks the start of the sub-departure for the utilization of the Commercial Port “Philip B”. The investor takes over for 40 years The right to use, operate, maintain and operate a multi -purpose station in part of the port.

The ceremony was attended by the Minister of Maritime and Island Policy, Christos Stylianidis, the Secretary General of Maritime and Ports, Evangelos Kyriazopoulos, the CEO of the Hypothesis/Growthfund, Grigoris D. Managing Director of OLK, Angelos Vlachos, the Director General of Business Development & Executive Member of the Board of Directors of GEK TERNA, and President of SARISA SA Emmanouil Moustakas, the Board Member of the EFA Group and SARISA SA Dimitrios Parthenis, Hypertension executives and SARISA SA

Under the agreement, The total value of the price is about EUR 34 million Including the one -off price and the guaranteed remuneration paid annually to the State during the forty -year concession period. In addition, the financial model of the sub-section provides for investments of EUR 36 million for the further development of the port, as well as the incurred heavy maintenance costs. Mandatory investments relate to the construction of buildings to serve the needs of the Port Authority, the Pilot Service and the Customs Service.

In addition, the investor undertakes to prepare a reforestation study of the white soil area, the implementation of the reforestation project and the maintenance, cleaning, protection and guard projects of the area throughout the sub-departure.

With the start of the sub-departure, the commercial port of “Philip B” enters a new course of developmentas investments will be implemented that will upgrade its operational capabilities, with significant benefits for the local community, while contributing to the restoration and protection of the region’s natural wealth. The aim is for the port “Philip II” to emerge in a strategic reference point for the development of northern Greece and the Balkan freight transport. Further enhancement of the development course of the port “Philip II”, it is also expected to contribute to the expansion of the rail network, as the signing of the contract for the Nea Karvali Railway Department is expected to be signed within the first quarter of 2025. From ERGOSE.

At the same time, the Growthfund Supervisor works for the development of Kavala’s port infrastructure. The Growthfund as a Port Design Authority proceeds with the preparation of the Master Plan for the passenger port “Apostolos Paul”, which will provide for marina and the upgrading of fish infrastructure. After all, it recently launched an international competition for the sub-departure of the cruise activity within the port “Apostolos Paul” to a private investor. With these actions, the Growthfund Hypercision seeks to upgrade the infrastructure of the port “Apostolos Paul” in order to highlight the tourist product of the city of Kavala. Moreover, using the possibility foreseen in the summer of 2024, the Growthfund Hypermalis is committed to 50% of the revenue to be received from the utilization of the port of Philip II. “, Thus achieving immediate benefits for the local community.

The Minister of Maritime and Island Policy, Christos Stylianidishe said: “Today our joy is double. First, because we see that the Mitsotakis government’s development strategy is receiving flesh and bones once again. With the partnership of the public and private sectors, we see important infrastructure in our country that have been unused for decades. A significant private investment from today will multiply the country’s maritime trade and, by extension, the local development of Kavala. Our second joy is based on completing the puzzle, which upgrades our entire country to international trade. Plans of older but also young people of the Trans -European Transport Network place – in practice – now – Greece, in the center of global developments. The ports of the Marine Egnatia (Igoumenitsa, Thessaloniki, Kavala, Alexandroupolis), both themselves and their inter -sectional connections, with rail and new roads, are supported directly by the European Union, further years. The Asian – Central and Eastern Europe maritime corridor is compulsorily passed through the port of Maritime Egnatia, expecting even greater benefits in the near future, both by the Ukraine rebuilding process and with the activation of the new corridor by India. The Greek ports and their executives are now ready to support this great dynamic development. The Greek government is inspiring international stability and the Ministry of Maritime and Island Policy has supported, for the last 5 years, with particularly brilliant results, the development of the Greek port industry. For the first time, the utilization of our strategic position in international trade is a desire. “

The Chief Executive Officer of the Treasury, Grigoris D. DimitriadisHe said: “Today a very important agreement is successfully completed for the city of Kavala but also for the whole of northern Greece. An investment scheme with great reliability and rich experience undertakes the operation of the Commercial Port “Philip B” and is committed to implementing strategic investments with a multiplier benefit for the local economy and society, but also for the restoration of the natural wealth of the region. The new development course of the Kavala Commercial Port, along with the development of the port of Thessaloniki and the port of Alexandroupolis, will strengthen Greece’s position on the Balkan Freight Transport Map. The Hypertension applies a constituted strategy for the utilization and sustainable transformation of its portfolio ports, helping to enhance the regional development and competitiveness of the Greek economy. “

O CEO of Kavala Port Authority, Angel Vlachhe said: “For OLK SA today’s day seals a long and painful effort. The administration, executives and external partners in coordination with the organization’s shareholder have not only managed to transcend obstacles, to settle individual issues that were initially existing or raised along the way, but also to maintain the smooth operation of the Port of Philip II and today. In our opinion, the prospects for a major port of strategic importance on the northeast axis of the country, provided that the necessary investment in material resources and human resources are implemented and, of course, is indeed excellent. For our part, we are committed to the extent to us that OLK SA will continue to assist in the development potential of the wider area that is focusing on the region of Eastern Macedonia Thrace but is exhausted in the wider Greek and Balkan inland. “

The General Manager of Business Development & Executive Member of the Board of Directors of GEK TERNA, and President of SARISA SA, Emmanuel MustakasHe stated: “The start of the sub-departure of” Philip II “marks the entrance of the port of Kavala into a new era. Since the port of Kavala is a seaside hub in the wider area, the investment, which will lead to its further development, contributes to the strengthening of Greece’s role in freight transport. The addition of the port of Kavala to the portfolio of concessions of GEK TERNA Group is in line with our long -term strategy for implementing an important footprint in the Greek economy. “

Member of the Board of Directors of EFA Ventures and a member of the Board of Directors of SARISA SA, Dimitris ParthenisHe said: “The start of the port of the port” Philip II “is a hub for the Kavala region. We are, as EFA Ventures, excited to participate in a shareholder that will strategically invest in port development, enhancing the local economy and creating new opportunities for the community. With the implementation of this project, we aim to transform the port into a modern freight hub, while helping to protect and restore the natural environment. It is an important initiative and we look forward to seeing the positive results it will bring to the region, its inhabitants and the Greek economy in general. ”