Aktor Concessions SA Preferred Bidder for 40-year Alimos Marina Deal

Alimos marina, Athens. Photo Source: Greek Marinas Association

Greek company Aktor Concessions SA has been selected as the preferred bidder via e-Auction for the right to manage and exploit the Alimos Marina, southern Athens, for a 40-year period, Greece’s assets fund (HRADF) announced this week.

Photo: Maria Paravantes

Aktor Concessions will put forward a total of 57.5 million euros (NPV) with the value of the agreement coming to a total consideration of at least 177 million euros, including an annual concession fee and a share of revenues as a percentage of the marina’s annual turnover.

The marina competition was carried out via e-Auction and included bids by Lamda-Dogus Marina Investments SA, and Aviareps – Cosmos Consortium among the initial 10 shortlisted for the project.

Aktor Concessions is also bound by the agreement to implement 50 million euros worth of investments over the next five years aimed at upgrading infrastructure in order to establish the marina into top tourist port destination.

Besides modernizing existing port infrastructure and ship-laying / maintenance services, other activities include the regeneration of the marina’s land area through the construction on 18,500m2 of building facilities as well as the creation of recreational areas, boardwalks, and park areas complete with dining areas, shops, hotel facilities, offices, and playgrounds.

Alimos Marina. Photo Source: Greek Marinas Association

The Alimos facility is considered one of the most important marinas in Greece, and amongst the largest in the Eastern Mediterranean. There are currently 1,100 berths for leisure boats of various sizes, and mainly serves the berthing needs of Athens’ yacht charter market.

The next step towards the completion of the deal will be a pre-contractual review of the tender file by the Court of Audit.