The executives describe 2024 as a "milestone year" for the Hellenic Republic Asset Development Fund, as the best performance in its history is recorded with revenues of more than €4 billion.

As a result, since its establishment in 2011 to date, the Hellenic Republic Asset Development Fund has completed a total of more than 60 projects, with total revenues for public funds of more than €13 billion from asset development. 

At the same time, by the end of the year, the project for the sub-concession of the Commercial Port "Philip II" to the Kavala Port Authority, worth €33.9 million, is expected to be completed. In addition to the price, the subconcessionaire will implement investments of €36 million for the further development of the port.

In addition, within the next three weeks, the contract with LAMDA MARINAS for the creation of a large yacht marina in the port of Corfu will be signed. The total benefit of the project will exceed €89 million for the entire 40 years of the concession, as, apart from the one-off price, the investments for the construction and development of the marina from scratch are expected to exceed €50 million.

To make 2024 a "milestone year," the completion of the Attiki Odos concession for a total one-off price of €3.27 billion played a catalytic role, which, at the same time, reduced the public debt by around 1.5% of GDP. The state will receive at least 9.3% of the concessionaire's annual gross revenues of all kinds.

In addition to the financial compensation from the new Attiki Odos concession contract, € 785 million have been received this year from the listing of Athens International Airport (AIA) on the stock exchange, € 80 million from the disposal of a majority stake in the Heraklion Port Authority—50% of which will be transferred to the "Special Account for the Development of Port Infrastructure"—and  € 1.5 million at least from the concession of the Pylos Marina for 40 years.

In addition, the Fund received more than €10 million from the development of the properties in Antirrio and Sani, Halkidiki, while a payment of €29.5 million is expected in the coming months following the completion of the tender procedures for the development of the properties in Agia Triada, Thessaloniki, and Konyavitis, Fthiotida.

It is important to note that the Strategic Procurement Facility (PPF), which the State has entrusted with the maturation and tendering of strategic projects worth more than €8 billion and primarily funded by the Recovery and Resilience Fund, expanded the role of the Fund in 2021.

In total, since its creation until October this year, the PPF has prepared and carried out a large number of tenders.