In the middle of next week, according to reports, the HRDAF is expected to sign with Lamda Marinas Investments the sub-concession of the right to construct, operate, manage, maintain, and exploit the tourist port of large vessels in Corfu.

It is recalled that Lamda Marinas Investments emerged as the preferred investor in the Fund's tender, and the price for the sub-concession for 40 years amounted to €89 million, while the investments to be implemented for the development of the facilities are estimated at over €50 million. Part of the price will be paid in a lump sum at the start of the sub-concession, while the remainder will be a percentage of the sub-concessionaire's turnover and will be paid annually. 

THE MARINA

The licensed Large Yacht Marina is located within the Port of Corfu and is located west of the cruise pier, close to the Passenger Terminal. It will have the capacity to accommodate 98 vessels up to 140 meters in length and has a land area of 39,400 m2, which can be expanded to cover an area of approximately, at most, 100,000 sq. m.

INVESTMENTS

Apart from the total investment of more than €140 million that will be invested in the Corfu Large Yacht Marina, Lamda Marinas Investments is also running a broad investment plan in the marinas of Flisvos and Agios Kosmas.  In particular, in Flisvos Marina, it is implementing investments of more than €5 million for its upgrading. The projects include, among others, interventions to reduce energy costs through the consumption of green energy, the purchase of an electric auxiliary vessel and charging station and projects for the digital upgrade of the marina's infrastructure.  At the same time, it is launching a total investment of €30 million that will create over 300 jobs for the upgrading of Agios Kosmas Marina.