The Port of Thessaloniki (ThPA S.A.) has awarded its contract for works on a sixth pier to serve Ultra Large Container Vessels carrying up to 24,000 TEU.
ThPA S.A. announced that the joint venture ‘MYTILINEOS SA – ROVER MARITIME SL – HDK SA’ has been awarded the project ‘Expansion of the Marine Works Infrastructure of Pier 6’, with a budget of €150 million ($166.8 million) at the current stage of the tender.
This project is the most important part of the Mandatory Investments undertaken by ThPA S.A. under the Concession Agreement with the Greek State and will upgrade the position of the Port of Thessaloniki in the port industry by providing the ability to directly serve main liner container vessels (Ultra Large Container Vessels) with a capacity of up to 24.000 TEU.
According to the specifications, the project includes:
- Construction of a new additional quay wall 513 metres long, of which 470 metres will have a depth of 17.7 metres.
- Construction of an additional yard area, 306.5 metres wide.
- All the additional infrastructure works that are required for ensuring full operability of the new quay wall and the yard area.
The Pier 6 expansion project during its implementation period (2022-2025), according to a study by Deloitte, has been estimated to generate annual revenues of over €230m ($256 million) throughout the port ecosystem directly or indirectly affected by the expansion; increase public revenues from direct and indirect taxes over €35m ($39 million) per year; and generate added value of over €90m ($100 million) per year during the construction period, contributing to the country’s GDP.
The Executive Chairman of the BoD of ThPA S.A., Athanasios Liagkos, commented: “The implementation of the project of Pier 6 expansion, contributes substantially to the economic and social growth, offering various and multiplier benefits for ThPA S.A. and more broadly for the businesses associated with port activities, both locally and nationally.
“The completion of the project marks the substantial upgrading of the position of the Port of Thessaloniki in the global port industry and the supply chain sector, strengthening its leading role in the country’s international development”.