Greece - Port operation services

Description

HRADF has decided to launch an international tender process in two (2) phases for the granting of a sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within a part of Philippos II port, Kavala Port Authority S.A., in accordance with the provisions of Greek Law 4597/2019. The Kavala Port Authority S.A. was granted the right to exclusively use and operate the port of Kavala by virtue of the concession agreement with the Hellenic Republic, dated 15 January 2003 and ratified by article 1 of Greek Law 4597/2019 (the ‘Concession Agreement’). The concession agreement is expiring on 15 January 2063, as provided by article 12 of Greek Law 4664/2020. According to article 2 para 5 of Greek Law 4597/2019, the sub-concession to third parties is subject to the duration limitation of the concession agreement.
HRADF has decided to launch an international tender process in two (2) phases for the granting of a sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within a part of Philippos II port, Kavala Port Authority S.A., in accordance with the provisions of Greek Law 4597/2019. The Kavala Port Authority S.A. was granted the right to exclusively use and operate the port of Kavala by virtue of the concession agreement with the Hellenic Republic, dated 15 January 2003 and ratified by article 1 of Greek Law4597/2019 (the ‘Concession Agreement’). The concession agreement is expiring on 15 January 2063, as provided by article 12 of Greek Law 4664/2020. According to article 2 para 5 of Greek Law 4597/2019, the sub-concession to third parties is subject to the duration limitation of the concession agreement.During phase A, eligible investors, natural or legal entities, joint ventures or groups of legal and/or natural persons (hereinafter referred to in this invitation as ‘Interested Parties’ and each one separately as ‘Interested Party’), shall express their interest by submitting a relevant written letter (the ‘Expression of Interest Letter’), according to the provisions of the invitation to submit expressions of interest (the ‘Invitation’), for entering into a sub-concession agreement (the ‘Sub-Concession Agreement’ or the ‘Sub-Concession’) for a minimum period of forty (40) years which could be extended for an additional period according to applicable legal procedure.The Fund will evaluate the expressions of interest submitted and will invite all interested parties who meet he above, to participate in the second phase of the tender process (‘Phase B’). Interested parties selected as pre-qualified investors (the ‘Pre-qualified Investors’) will be notified in writing and be invited to participate in Phase B. Interested parties who have not qualified will be notified in writing on the reasons of their disqualification.Phase B of the tender process will be governed by the terms and conditions set out in detail in the request for proposals (the ‘Request for Proposals’), which will be issued in Phase B, as such terms and conditions are supplemented by the relevant provisions of the law on award of concession agreements. The request for proposals will set out a detailed time frame for Phase B and the remaining tender process, as well as the criteria for selection of the pre-qualified Investor with whom the Fund will conclude the sub-concession agreement (hereinafter the ‘Preferred Investor’).In order to participate in Phase B, the pre-qualified Investors will be invited to sign a confidentiality agreement according to the template that will be provided by the Fund and return it to the Fund.The sub-concession agreement will be signed between the Hellenic Republic, the Fund, the Kavala Port Authority S.A. and the preferred investor, according to the provisions of article 3 of Greek Law 4597/2019. For the purposes of concluding the sub-concession agreement, the preferred investor shall establish a Special Purpose Vehicle (SPV) in the form of a "Société Anonyme" under the laws of Greece with its seat in Greece.

Opportunity closing date

02 October 2020

Value of contract

to be confirmed