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Thessaloniki Port Authority Selects Consortium led by Hill International

Infra News - Published on Mon, 09 Sep 2019

Image Source: Hill International
Hill International, the global leader in managing construction risk, announced it has signed an agreement with the Thessaloniki Port Authority SA as leader of a consortium including Rogan Associates SA, to provide design and project management services for the planned expansion of the marine works infrastructure of Pier 6. The Port of Thessaloniki is the most important port of Northern Greece and a key transportation hub for Southeast Europe as a part of the Core Network of the Trans-European Transport Network. It occupies a total area of approximately 1.5 million square meters and hosts a variety of activities, including servicing of all types of cargo, ferry/passenger shipping, and cruises, as well as the Port of Thessaloniki free zone operating under applicable tax and customs legislation.

Following an international privatization process that was concluded in March 2018, the Hellenic Republic Asset Development Fund entered into a Shares Purchase Agreement with a group of international investors for the acquisition of 67% in the share capital of THPA. Pursuant to the terms of the relevant Concession Agreement, THPA is required to implement a minimum of USD 203 million capital expenditure program to upgrade the port. The main project relates to the expansion of the marine works infrastructure of Pier 6.

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Posted By : Sanju Moirangthem on Mon, 09 Sep 2019
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