Hellenic Republic Asset Development Fund (HRADF) on Thursday announced the signing of a concession agreement of the right to use and exploit the marina of Chios for a duration of 40 years with “ Marina Chios SA” the special vehicle company set up by the preferred investor scheme “ AVLUM ENTERPRISES COMPANY LIMITED – IOANNIS & ELIAS D. TEFAS NAFPIGOPLASTIKI – CLEOPATRA MARINA SA – TOURISTIKOS LIMENAS PREVEZAS SA”, ANA reports.
The Minister of Tourism, Mr Charis Theocharis, representing the Greek State, signed the concession agreement, along with Mr Aris Xenofos, Hellenic Republic Asset Development Fund’s (HRADF) Executive Chairman, Mr Ioannis Tefas, CEO of the Marina Chios SA , Mr Michael Belegris, Chairman of the Marina Chios SA, and Mr Ioannis Saroglou, CEO of the AVLUM ENTERPRISES COMPANY LIMITED.
Greek shipping tycoon Captain Panagiotis Tsakos was also present in the signing ceremony.
The total consideration amounts to at least 6,213,615 million euros, comprised of an upfront payment of 600,000, an annual concession fee and a revenue-sharing expressed as a percentage of the marina’s annual turnover. The marina of Chios, constructed in the late 1990s, was never operational and remained undeveloped since its construction. It is located in the central part of the eastern coast of Chios, 2.5km from the city center of Chios and the main port and about 6 km from the island’s airport.
The investor is expected to implement a four–year investment plan to modernize the marina infrastructure, make it operational while substantially improving the wider area. In full development, the marina will offer 180 berths for vessels up to 25m in length and up to 6,900m2 of buildable space for recreational and touristic use. The investor is expected to upgrade the port infrastructure, to deploy the reef at the entrance of the marina, to place permanent anchorages, etc., as well as to build all the necessary infrastructure in the upland area, including internal road network, as well as parking spaces.
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