The Hellenic Republic Asset Development Fund Société Anonyme (HRADF) and Aktor Concessions SA have signed the concession contract for the right to use and exploitation of the marina of Alimos for 40-year concession period. 

Aktor Concession will invest EUR57.5 million (US$65.02 million) over a period of 5 years to establish the port of Marina as tourist attraction. The value of the agreement amounts to a total consideration of at least EUR177 million (US$200 million), as it includes, in addition to the price that will be paid with the beginning of the concession, an annual concession fee and a revenue-sharing agreement expressed as a percentage of the marina’s annual turnover.

Marina has 1100 berths and occupies an area of 210,000 sq. m. Besides the upgrade of the existing port infrastructures and maintenance activities, the concession will concern the regeneration of marina. The purpose is to create a recreation center that includes green and promenade zones, leisure activities and dining areas, shops, hotel facilities, offices, playgrounds, and outdoor events.