A presidential decree that will pave the way for the extension of the 6th pier at Thessaloniki Port is expected in the last quarter of the year, Thessaloniki Port Authority (ThPA) President Thanos Liagos said at the annual general assembly meeting on Friday.
Liagos said that the project would “exceed by far” its original budget of 130 million euros due to price hikes in energy and construction materials following regional geopolitical developments. The search for funds may include bank borrowing, as ThPA has zero outstanding loans, and investing its own capital, as its cash resources total 95.2 million euros, Liagos told the assembly meeting.
The assembly also heard that an outstanding issue since 1920 on a piece of land lying between the port’s land side and the Thessaloniki municipality has been resolved by the city positively. A new 11-member board was elected on Friday as well, with three new members and a five-year term for all.
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