Significant investments follow yesterday's signing of the financing agreement for Elefsina Shipyards with the American Development Finance Corporation (DFC).

The financing amounts to €125 million, and by 2025, two large dry docks are expected to be installed, both in Syros and Elefsina.

INVESTMENTS

Essentially, this marks the completion of the restructuring agreement, which lays the foundation for upgrading Elefsina Shipyards into an international player. Already, €80 million have been invested in infrastructure, while the total investments over time are expected to reach €500 million. Of this amount, €300 million is expected to be directed towards infrastructure projects (in Elefsina and Syros), while the remaining €200 million will go towards salaries and benefits for employees.

CONTRIBUTION TO GDP

The overall contribution to GDP exceeds 1%, and according to the programmatic contracts, the investment plan also includes the repair of LNG/LPG vessels and energy platforms for wind energy. The goal is for the shipyards to contribute not only to the defense and commercial sectors but also to the green transition.

AMERICAN PARTICIPATION

This is a significant agreement that marks the active interest of the American factor in the shipyards and our country. It is estimated that they will develop in an uncertain environment and are expected to play a pivotal role in the stability of the region and in its development, making it one of the largest shipyards in the Mediterranean.