Thessaloniki Port Authority to present new investment programme timetable in May

Thessaloniki Port Authority SA will present the timetable of its new investment programme in early May, focusing on expanding the sixth pier, Sotiris Theofanis, new chairman and CEO in the company said during a handover ceremony on Monday.

Theofanis said the priorities of the new board of Thessaloniki Port Authority are a drastic improvement of operations, which means supplies of equipment and redesigning of works, transferring Terminal Link’s know-how (one of the three partners) and a faster beginning of compulsory investments. The goal of the new management is to meet the expectations of the business community and the Greek state, Theofanis said, adding that the personnel will be re-evaluated and that the company will cover any vacancies wherever needed.

Boris Wenzel, CEO in Terminal Link and deputy chairman in Thessaloniki Port Authority, said that the challenges ahead were great, referring to upgrading the level of services offered by the port and the maintenance of port equipment.

The new board was formed on Friday, March 23, after the payment of 231.926 million euros and the completion of the transfer of 67 pct of Thessaloniki Port Authority’s equity capital to South Europe Gateway Thessaloniki (SEGT) Ltd, which includes Deutsche Invest Equity Partners GmbH (47 pct), Terminal Link SAS (33 pct) and Belterra Investments Ltd (20 pct).