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2008 June 30   12:21

Greece's Thessaloniki port to detail tenders by end-July

Greece's Thessaloniki Port Authority (OLTH) will detail tenders calling for investors to run its facilities by the end of July, once bidders' objections have been looked into, it said on Friday.
Greece, with two of the largest ports in the Mediterranean, launched a tender to sell and modernise outdated port facilities at the northern city of Thessaloniki and at Piraeus Port near Athens, aiming to turn them into regional hubs.
"The company is now examining the objections raised. We estimate this phase will be complete by July 20, if there are no appeals. After that, the company will detail the offers made," OLTH's board of directors said in statement.
China's Cosco Pacific , Hutchison Port Holdings joined by pharmaceutical group Alapis and Dubai Port World DBW.DI together with Piraeus Bank have submitted bids to run OLTH's cargo facilities.
Earlier in June Piraeus Port named Cosco Pacific the top bidder in a tender to run and upgrade facilities at Greece's largest port.

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