Greece approves Nafplio marina PPP

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Greece approves Nafplio marina PPP

On November 6th, the Greek Inter Ministerial Committee for Public - Private Partnerships approved the project for the design, financing, construction, operation, facility management and exploitation of the Tourist Port (Marina) Nafplio.

The investment cost of the project will amount to €10 million and will include the construction of both the sea and the land area of the tourist port of Nafplio and the operation and management of 210 places of permanent and trespassing boats and services for commercial uses, which will be developed in the area for 40 years.

The aim of this project is to meet the growing demand for marine port berths in Greece, which is a world famous tourist destination.

The town of Nafplion, a historic city with great tourist development and the most important port of the eastern Peloponnese, will develop a modern marina that will further enhance the wider plan to stimulate the economy in the Peloponnese Periphery and promote the tourism product in the region. Having the aim to obtain integrated tourism services in conjunction with the corresponding port infrastructure tourism in the Peloponnese, new development incentives will be given in the area of Argolida and the Peloponnese region.

For this project  the financial instrument of JESSICA may be used.  Joint European Support for Sustainable Investment in City Areas (JESSICA), is an initiative of the European Commission developed in co-operation with the European Investment Bank (EIB) and the Council of Europe Development Bank (CEB).  It supports sustainable urban development and regeneration through financial engineering mechanisms.

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