Port Authority of Thessaloniki hires consultants to analyse Pier VI expansion

Thessaloniki, Greece (PortSEurope) September 6, 2019 - Port Authority of Thessaloniki S.A. (ThPA) has signed a contract with a joint venture of Hill International NV and Rogan Associates SA to report on the future port infrastructure of Pier VI. Over a period of 46 months, the joint venture will produce a “Study update and Project Management for the expansion of the port infrastructure of Pier VI”, which is part of the Mandatory Investments of total cost of €180 million. The work will include the preparation and drafting of the Final Study Plan for the “Expansion of the port infrastructure of Pier VI”, including the bidding documents for the assignment for the construction of the Project; and propose project management and supervision of the construction of the said Project. “The Thessaloniki Port Authority is proceeding rapidly with the implementation of its mandatory investment program with a critical project – the extension of Pier VI. Our goal is to begin construction as soon as possible so that the port of Thessaloniki has the necessary infrastructure in place to become an international shipping hub for Southeast Europe and the Balkans, contributing decisively to the development of the economy of Thessaloniki and of the wider region,” said Sotiris Theophanis, port authority chairman and managing director. Thessaloniki Port Authority was privatised on March 23, 2018, and is now operated by South Europe Gateway Thessaloniki (SEGT) Ltd, a consortium, in turn, owned by Deutsche Invest Equity Partners GmbH (47%), Terminal Link SAS (33%) and Belterra Investments Ltd (20%). In 2018, ThPA reported turnover for 2018 amounted to €58.5 million compared to €54.2 million in 2017, an increase of 7.9%. Indirectly, both Russia and China have stakes and interests in the port, which has raised concerns in the European Union and the USA, and the port has become the subject of wide geo-political interest. The Chinese government continues to invest in port facilities as part of its new Silk Road policy, and the Brussels and Washington have been highly supportive of the newly-named Republic of North Macedonia and its entry into the North Atlantic Treaty Organization (NATO). At the same time, Russia has been trying to develop its political and business links to the Balkan and central European countries which were previously under the hegemony of the former Soviet Union. A more detailed PortSEurope article on these points can be accessed here. Copyright (C) PortSEurope. All Rights Reserved. 2019.

Port Authority of Thessaloniki hires consultants to analyse Pier VI expansion

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Port Authority of Thessaloniki hires consultants to analyse Pier VI expansion

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