This project was submitted in the following language: English (en).

Project description

The project consists of the expansion of the quay No 26 of the Container Terminal of the Pier No 6 in order to acquire deeper berths to serve the envisaged cargo volumes.

The project includes:
-Marine works concerning the longitudinal extension of the Quay No 26 by 650m (including land reclamation and backfilling)
-Pavements and drainage works for the new Terminal yards and the existing areas of the Container Terminal
-Electromechanical installations (high voltage, area lighting, network supply of gantry cranes, low voltage installations, etc.)
-General dredging to -16.5m (Mean Sea Level - MSL)
-New building works (service offices, fuel station, security control)

Country, Region

Greece [Κεντρική Μακεδονία (Kentriki Makedonia)]

Start date

September 2017

Estimated project cost

EUR 190.9 million

Sector

Multimodal Nodes (ports, airports, stations, logistic platforms)

Trans European Network – Transport

Asset ownership

Private

Project type

Other

Project status

(Pre)feasibility

Revenue type

Grantor availability payments

Economic rationale / Business Model

The project will:
-develop new, deeper quays (-16.50m depth MSL) and increase Container Terminal capacity to 1.36 million TEUs per year
-acquire modern, high-performance handling and storing equipment in order to be able to serve larger container ships
-serve direct calls and bigger vessels
-provide berth window to liner services
-develop capacity for loading / unloading containers on trains and transportation with block & shuttle trains directly from the Container Terminal
-provide direct access for trucks adopting modern gate processes

Financing details

Equity [50]%: ThPA S.A.
Debt [50]%: EIB, financial institutions
Guarantees are expected from the constructor of the project based on the national legislation in order to ensure the qualitative construction and completion of the project according to the contract.

The promoter has applied or has the intention to apply for EU or EIB financing related to this project

Existing or potential bottlenecks for the realisation of the project / Potential risks

Lack of financing

Project additional information

The study of the infrastructure works has to be updated.
Environmental Conditions Approval for the construction of the project is valid up to 21/12/2022. Master Plan of ThPA S.A. and Environmental Impact Assessment regarding Master Plan have already been submitted for approval to the responsible Ministries (Port Planning and Development Committee of the Hellenic Ministry of Mercantile Marine and Island Policy and Hellenic Ministry of Environment and Energy respectively).

Publication: 30/11/2016 | Last update: 13/02/2017

The Commission gives no warranty and makes no representation, whether expressed or implied, that the Project Information is error free. The Project Information is provided without any guarantees, conditions or warranties as to its accuracy.