Cabinet Discusses Privatisations
A wide-range programme of privatisations of state enterprises - covering rail and road transport, airports and ports, utilities, gaming and public real estate holdings - was discussed yesterday at a cabinet meeting, chaired by Prime Minister George Papandreou.
"The government’s decision is to step up privatisation procedures…in order to extract value from major state assets," Finance minister George Papaconstantinou said at a press conference.
Under the scheme discussed, the government plans to sell off a 49% stake of TRAINOSE, a subsidiary of the Hellenic Railways (OSE) and concede management control, a 10% stake in the Athens water utility (EYDAP) and a 23% stake in the Thessaloniki water company (EYATH) and a 39% stake of Hellenic Post (ELTA).
It also plans to fully privatise casinos and extend its highly successful public-private partnerships to concessions for new infrastructure projects.
Kathimerini daily: Sell-off plan targets 1 bln euros by offloading state’s loss-making assets
Tender for Key Logistics Centre
An international tender for a gigantic project in terms of logistics infrastructure will open to potential constructors until September 20.
The plan involves the construction and 40-year concession of a cargo centre on a 147-acre (58 hectares) area at Thriassio close to the industrial zone of Aspropyrgos and Eleusina owned by the Hellenic Railways group of companies through its subsidiary OSE Real Estate (GAIAOSE).
Its budget is estimated at €150 million. The Chinese Cosco Group, the French Railway Company and Greek construction companies have already expressed interest.
The location is suitable for cargo shipment because it is connected to the main road network, while a railway connection leading to the sea is under construction.