The Greek state with the Hellenic Republic Asset Development Fund (HRADF) and LAMDA CORFU MARINA Single-Member SA for the Development and Exploitation of the Corfu Marina signed a sub-concession agreement on Wednesday for the right to build, operate, manage, and maintain the Mega Yachts Marina in Corfu.
HRADF is aa member company of Growthfund/The National Fund of Greece, while Lamda Corfu Marina is a subsidiary of LAMDA MARINAS INVESTMENTS SMSA, which was declared a Preferred Investor in July 2023, in the relevant tender conducted by HRADF.
The total value of the fees to be paid by the sub-concessionaire will exceed 89 million euros over 40 years. This includes an upfront payment upon the commencement of the sub-concession period of 9.7 million euros and a percentage of 7.77% of the sub-concessionaire’s gross revenue paid annually.
Furthermore, the total investment for the construction and development of the new marina is expected to amount to over 50 million euros.
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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Eric Gaba
