operations in the wider area, as a result of their
cooperation with the port. The total amount of
these investments is estimated at approximately
867 million euros during the first ten years. This
estimate does not take into account investments
by other companies that may possible become
active in the wider region of Piraeus.
If a series of potential projects (shipbuilding base,
cruises etc.) is also realised, the additional
increase in the Greek economy’s output will range
from 17 million euros in 2016 up to 2.6 billion
euros in 2025.
The demand factors related to the construction
and operation of the project will create more than
31,000 new jobs.
Regional Airports
The benefits from the sale of regional airports are
equally important.
In detail:
The concession agreements concern the devel-
opment of 14 regional airports, divided into two
groups:
• Group A: the airports of Thessaloniki, Kavala,
Corfu, Kefalonia, Zakynthos, Aktion, and
Chania.
• Group B: the airports of Mytilene, Skiathos,
Samos, Mykonos, Santorini, Kos, and Rhodes.
The agreement provides for the granting of rights
for the use, management, development, exten-
sion, maintenance, and operation of these air-
ports, as well as the rights for the management,
administration and utilisation of any movable and
fixed assets related to the operation of airports,
and the commercial or other premises located
within the airports. The deal is priced at 1.234 bil-
lion euros.
The ownership of the land, the infrastructures and
the facilities will not be transferred to the private
investor, but will remain with the Greek state.
The private investor is granted the right to use,
operate, develop, and manage the airports for 40
years, while the infrastructures and facilities to be
constructed will be also owned by the Greek state
and will revert to it after the end of the conces-
sion.
Trade with Greece
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