OLTH announced that the consortium “MYTILINEOS SA – ROVER MARITIME SL – HDK SA” has become the contractor of the project “6th Pier, Port Infrastructure Expansion” with a budget of 150 million euros, at the current stage of the tender.
This project is the most important part of the Compulsory Investments undertaken by OLTH SA. under the Concession Agreement with the Greek State and is going to upgrade the position of the Port of Thessaloniki in the port industry by providing the possibility of direct service of container ships (Ultra Large Container Vessels), with a capacity of up to 24,000 TEU.
According to the technical specifications, the project “6th Pier, Port Infrastructure Expansion” includes:
Construction of a new additional quay 513 meters long, of which 470 meters have a useful depth of -17.7m.
Construction of an additional land zone, 306.5 meters wide, along the new additional quay.
-Additional infrastructure projects to ensure the full functionality of the new quay and the corresponding land area.
The implementation and the completion of the project, contributes substantially to the economic and social development with varied and multiplier benefits at local and national level. Specifically, the expansion project of Pier 6 during its implementation period (2022-2025) according to a Deloitte survey has been calculated that:
-Creates annual revenues of over 230 million euros in the entire ecosystem of the port that is directly or indirectly affected by the expansion of Pier 6 – this amount concerns the port, cooperating companies, suppliers, but also other companies, especially in the field of transport.
-It significantly strengthens public revenues from direct and indirect taxes over 35 million euros per year.
It produces added value of over 90 million euros per year during the construction period, contributing to the country’s GDP.
-It directly and indirectly supports the creation of more than 3,300 jobs, significantly strengthening the critical social sector of employment.
In addition, during the period 2026-2035, the ten-year full operation of “Pier 6” is expected to:
-To generate annual revenues of 272 million euros throughout the port supply chain, which includes partner companies such as suppliers and other companies, especially in the transport sector.
-Significantly increase public revenues from direct and indirect taxes over 55 million euros per year.
-Provide added value over 177 million euros per year, contributing significantly to the country’s GDP.
-Support directly and indirectly the creation of over 4,000 jobs, significantly strengthening the critical social sector of employment.
The Executive Chairman of the Board of ΟΛΘ Α.Ε. K. Athanasios Liagos pointed out the following: “The implementation of the expansion project of Pier 6, contributes substantially to the economic and social development, offering varied and multiplier benefits, for OLTH SA but also more broadly for companies related to port activities, both in “The completion of the project marks the substantial upgrade of the position of the Port of Thessaloniki in the global port industry and in the supply chain sector, strengthening its leading role in the country’s extroversion.”
Source: Capital
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