Greece to Privatize Port, Airports in Concession to Creditors
The Kynossos Palace, an international passenger cruiser is docked in Pireaus harbor, Greece, Wednessday, July 6, 2005.
Photographer: COSTAS ANASTASAKISThis article is for subscribers only.
Greece will continue with efforts to privatize the country’s largest port and regional airports as it seeks ways to attract investment for other state assets, Economy Minister George Stathakis said, in a government concession in talks with its creditors.
The privatization process that is already underway for the Piraeus Port Authority SA, operator of Greece’s largest harbor, and for 14 regional airports will continue, Stathakis said today in an interview in Tbilisi, Georgia. “We’re trying to revise some elements of these privatizations in order to improve them and I think we’ll get a sensible agreement for both.”