Greece expects EUR 3.5 billion in 2016 from from state asset sales, including the country’s two largest ports.
“An important number of privatizations will be completed very fast, in the next six months or so. I’m not being optimistic, I’m realistic,” Stergios Pitsiorlas, chairman of the Hellenic Republic Asset Development Fund, said in an interview in Athens Friday.
According to the new agreement between the authorities in Athens and the international creditors. The total revenues from privatisations should amount to EUR 6.4 billion bank shares excluded. In the following period, an Independent Fund will be set up in Greece for the privatisation programme under the supervision of the European Institutions.
Greece will have to privatise the electricity grid operator, the regional airports (Greece has 37 regional airports), the Piraeus Harbour and the Thessaloniki Harbour, the Traionse railway company and the Rosco maintenance company. Hellenic Republic Asset Development Fund (HRADF) has already published the date of privatisation for the two harbours. The deadline for the submission of bids for the privatisation of the Piraeus Harbour is October 2015 and for the Thessaloniki Harbour February 2016.
Concerning the railway companies, the management board of Hellenic Republic Asset Development Fund (HRADF) managing the sale established that the deadline for the submission of bids should be December 2015.
Since 2013, HRDAF launched its invitation for the expression of interest regarding the purchase of 100% of Trainose and before the completion of the procurement procedure the winning company was supposed to enter into a 5-year Public Service Obligation (PSO) contract with the HR, for the provision of railway transportation of passengers, against an annual consideration of max. EUR 50 million.
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