The handover protocol between the Kavala Port Authority and the company SARISA for the port of Kavala was signed, marking the start of the sub-concession for the development of the commercial port "Philip B," a development for which you were informed by BnB Daily.

The company is taking over for 40 years the right to use, operate, maintain and exploit a multi-purpose station in part of this port. The price is valued at approximately €34 million, including a one-off fee and guaranteed fees to be paid annually to the state.

OBLIGATIONS

The financial model of the subconcessionaire foresees investments of €36 million for the further development of the port, as well as heavy maintenance costs. The mandatory investments concern the construction of buildings to serve the needs of the port authority, the navigation service and the customs service The investor undertakes to carry out a reforestation study of the White Bodies area, the implementation of the reforestation project and the maintenance, cleaning, protection and guarding of the area throughout the duration of the sub-concession

DEVELOPMENT POINT

The aim is to make the port of Kavala a strategic point for the development of Northern Greece and Balkan freight transport. The extension of the railway network is expected to contribute to this direction, with the signing of the contract for the Nea Karvali-Toxotes railway section, while the Sub-Fund is also working towards the development of Kavala's port infrastructure.