Growthfund announces that the company “UCERT Single Member Private Company” has been declared as the Preferred Investor in the tender for the development of the National Ski Center of Vasilitsa (NSCV) through a concession agreement, for a total fee exceeding EUR 7 million (US$ 7.8 million) over 40 years.

The preferred investor undertakes for 40 years the right to use, operate, manage and exploit the NSCV, in order to establish it as an attractive destination for mountain tourism throughout the year. The upgrade of the NSCV will significantly enhance the development prospects of Western Macedonia and Epirus and will also act as a catalyst for a sustainable model of mountain tourism throughout the year. The year-round operation of the NSCV will also contribute to the further development of activities such as hiking, mountain biking, cultural and gastronomic tourism, while supporting small and medium-sized enterprises in the region. The National Ski Center of Vasilitsa has 7 operating lifts, which serve the 18 existing downhill slopes, including two beginner slopes. 

The Ministry of Education, Religious Affairs and Sports assigned the tender process for the concession of the NSCV to Growthfund, due to its significant know-how in the development of critical state-owned assets. The tender conducted by Growthfund is the first attempt to develop the NSCV in cooperation with private investors and the first attempt to develop a ski resort in Greece with a concession agreement.