Exansions & Development at Port of Kavala

The Port of Kavala has been undergoing significant expansion and development recently. Here are some key points about the expansion:

Privatization and Sub-concession Agreement

In November 2023, a sub-concession agreement was signed for the development of the “Philippos II” port. The agreement was between the Greek State, the Hellenic Republic Asset Development Fund (HRADF), the Kavala Port Authority (OLK S.A.), and the consortium “International Port Investments Kavala”.

 Investment

The consortium has pledged to invest a total of **69.9 million euros** in the port, including a lump sum of 33.9 million euros and an additional 36 million euros for further development and maintenance.

Infrastructure Upgrades

The expansion includes upgrading critical infrastructure to enhance the port’s capacity and efficiency. This will help the port better serve its role as a key gateway for trade in Northern Greece.

Multi-purpose Terminal

The development focuses on creating a multi-purpose terminal within the port, which will handle various types of cargo and improve overall operational efficiency.

Economic Impact

The expansion is expected to create new jobs and boost the local economy by increasing the port’s capacity to handle more cargo and support regional connectivity.

These developments mark a new era of growth for the Port of Kavala, positioning it as a more competitive and efficient maritime hub. Port of Call Consulting is a proud supplier of underwater vessel maintenance services at the Port of Kavala. CONACT US with your enquiry via info@portpfcallconsultilng.com