The Greek Deal.com
Bill for the restructuring of GrowthFund submitted to the Parliament | TheGreekDeal.com
GOVERNMENT
Bill for the restructuring of GrowthFund submitted to the Parliament
The bill of the Ministry of National Economy and Finance on the restructuring of the Growtfund was submitted to Parliament, while it is foreseen that 50% of the revenue from the ports will be directed to new investments in the future.
Newsroom
TIME TO READ
1 min
Gregory Dimitriadis, CEO, Growthfund

The bill of the Ministry of National Economy and Finance on the restructuring of the GrowthFund and the "small PPPs" was submitted to Parliament, while it is foreseen that 50% of the revenue from the ports will be directed to new investments in the future.

In particular, the specific draft law provides for the reform and reorganization of the GrowthFund and the establishment of a more modern governance model, while the absorption of the Hellenic Financial Stability Fund and the Hellenic Republic Asset Fund from the Super Fund is also promoted. In addition, it is envisaged to modernise, in line with the 'PPC model', the operating framework of its eight subsidiaries, facilitating the recruitment of staff and the procurement of supplies critical to their operation (e.g., supply, maintenance, and repair of urban buses).

In addition, the establishment of an investment fund is being promoted, which will use as its initial investment capital half of the compensation from the re-acquisition of EYDAP and EYATh. by the state to finance development investment activities, which will have a significant impact on the social and economic development of the country.

Finally, an additional provision stipulates that the Hellenic Republic Asset Fund has the right to use 50% of the revenues received from port and port infrastructure development contracts to finance the implementation of the master plans of other ports in its portfolio.

READ ALSO