Sub-concession deal inked for Mega Yachts Marina in Greek island of Corfu

TornosNews.gr 30.10.2024 | 22:31
Α Decrease font Enlarge font
Sub-concession deal inked for Mega Yachts Marina in Greek island of CorfuThis is the first greenfield marina project of this scale in Greece in the last 20 years

The Greek state with the Hellenic Republic Asset Development Fund (HRADF) and LAMDA CORFU MARINA Single-Member SA for the Development and Exploitation of the Corfu Marina signed a sub-concession agreement on Wednesday for the right to build, operate, manage, and maintain the Mega Yachts Marina in Corfu.

HRADF is aa member company of Growthfund/The National Fund of Greece, while Lamda Corfu Marina is a subsidiary of LAMDA MARINAS INVESTMENTS SMSA, which was declared a Preferred Investor in July 2023, in the relevant tender conducted by HRADF.

The total value of the fees to be paid by the sub-concessionaire will exceed 89 million euros over 40 years. This includes an upfront payment upon the commencement of the sub-concession period of 9.7 million euros and a percentage of 7.77% of the sub-concessionaire's gross revenue paid annually.

Furthermore, the total investment for the construction and development of the new marina is expected to amount to over 50 million euros. 

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Eric Gaba

Tornos

  1. 20/11 22:21

    Ambassador to Athens: Sharp hike in American students choosing to study in Greece

  2. 20/11 22:09

    The Economist too foresees Athens Parthenon Marbles return to Greece

  3. 20/11 22:03

    Greek PM: Justice reforms strengthen rule of law and modernize infrastructure

  4. 20/11 18:06

    EIB chief to visit Greece to discuss new investment initiatives

  5. 20/11 14:17

    Investors express keen interest in auction for reopening of 10-year Greek bond

  6. 19/11 01:16

    Calls for mass participation in Greece's general strike on Wednesday

  7. 19/11 01:08

    37th Panorama of European Cinema from November 21-27 at four theaters in Athens

  8. 18/11 22:27

    Greek Development Minister meets with Italian counterpart in Rome

  9. 18/11 21:20

    Prime Minister: Greece to repay additional 5 billion euros early in 2025

  10. 14/11 22:23

    PM: The first time Greece gets an organised prevention & public health programme

  11. 14/11 22:19

    Minister: AI will speed up transactions for investors on Greece's land registry

  12. 14/11 22:16

    High security measures in Athens for Polytechnic uprising anniversary on Sunday

  13. 14/11 22:08

    Aegean Air posts consolidated net revenues of €1.38 billion in first nine months

  14. 14/11 11:27

    The Federation of Cypriot American Organizations held its National Convention

  15. 14/11 01:11

    Blood drive at 'Syntagma' Square Athens Metro station for road traffic victims on Saturday

  16. 13/11 23:58

    Greece's Sky Express expands Athens-Istanbul connection with direct flights

  17. 13/11 21:05

    AEGEAN Air expands Thessaloniki’s reach with New Amsterdam route

  18. 13/11 15:54

    Ships docked in Greece on November 20 due to strike

  19. 13/11 01:17

    Media report: Greece will end property purchase option for Golden Visas

  20. 12/11 00:35

    Three-day events commemorating Athens Polytechnic uprising commence on Friday

  21. 11/11 22:45

    Prime Minister: Greek-US relations are strategic and based on mutual interest

  22. 11/11 13:29

    Greece prepares for heavy rains and storms this week

  23. 11/11 11:15

    Tourism | City breaks, artificial intelligence and solo travel the dominant trends in 2025

  24. 08/11 00:42

    Greece's Metlen firm investing in five Alberta-based solar energy projects

  25. 07/11 23:20

    Greece's company Metlen investing in five Alberta-based solar energy projects

  26. 07/11 23:08

    Enterprise Greece, SEV and other firm associations organising business mission to Milan

  27. 07/11 22:04

    Greek Alternate Finance Minister attends Toronto Economic Forum

  28. 07/11 20:11

    Greek Tourism Minister inaugurates OPAP MARATHON Expo

  29. 07/11 18:55

    Minimum wage bill in Greece is posted online for public consultation until November 21

  30. 07/11 00:43

    Road tax bills for 2025 posted in Greece with deadline on December 31

  31. 06/11 15:16

    Prime Minister: I am certain that Greek-American relations will stay strong

  32. 06/11 11:13

    Finance Minister addresses Athens Investment Forum

  33. 05/11 00:47

    Minister: Everyone must continue the effort to reduce retail prices in Greece

  34. 04/11 23:37

    Salamis Shipyards delivers the first two Island-type patrol vessels in Greece

  35. 04/11 23:28

    More than 3,000 applicants for Greek citizenship sit for language certification examinations

  36. 04/11 23:14

    Greek Youth Symphony Orchestra makes its debut at Carnegie Hall

  37. 04/11 23:09

    3rd International Conference on Ancient Greek and Byzantine Tech in Athens on November 19-21

  38. 04/11 23:08

    Greek government utilizes two tools to promote investments

  39. 04/11 22:03

    Ticket prices announced for buses and new metro in Thessaloniki city

  40. 30/10 22:45

    Greek Climate Crisis Minister offers aid to Spanish people after deadly flooding

  41. 30/10 22:35

    Joint firm for Thriasio II freight complex greenlighted by Competition Commission

  42. 30/10 22:31

    Athens International Airport records 9.8% revenue hike during Q1-Q3 2024

  43. 30/10 22:31

    Sub-concession deal inked for Mega Yachts Marina in Greek island of Corfu

  44. 30/10 21:39

    Greek government investing in supply chains to transform national economy

  45. 30/10 00:31

    Passenger ferry 'Aghia Theodora' safely in Igoumenitsa Port after running aground

  46. 30/10 00:31

    Government spokesperson: Greece's 'brain gain' wager appears to have been won

  47. 30/10 00:28

    Greek supermarket prices for 362 product codes to fall from 5% to 24%

  48. 29/10 23:41

    Wyndham inks cooperation deal for  first hotel in Piraeus

  49. 29/10 17:18

    Greek and German Presidents visit site of future Holocaust Museum in Thessaloniki

  50. 25/10 15:07

    More than 4.000 participations from 28 countries in 63 activities at Navarino Challenge 2024

  51. 23/10 22:29

    Greece's PPC successfully issues new 7-year bond raising 600 million euros

  52. 23/10 22:14

    Ferries grounded for another 48 hours in Greece

  53. 23/10 20:17

    SKY Express launches direct flights from Athens to Tirana

  54. 23/10 19:26

    European Commission greenlights €40 million for flood prevention works in Athens

  55. 23/10 11:22

    Grecce's SNF supports relief efforts after Hurricanes in the Southeastern U.S.

  56. 22/10 21:48

    IMF expects Greek economy to grow by 2.3% in 2024 and 2% during 2025

  57. 22/10 21:46

    Minister: Ticket prices for new Thessaloniki metro to be announced shortly

  58. 22/10 21:37

    Greek Shipping Minister: A new 'maritime' Egnatia will open up new prospects

  59. 22/10 21:31

    Transport Minister visits FlyOver project site in Greek city of Thessaloniki

  60. 22/10 21:25

    Increased tourist traffic in Greece during the period January-August 2024

  61. 21/10 21:23

    Prime Minister: Greece's economy on irreversible path to recovery

  62. 21/10 19:19

    Greek FinMin: Plan to utilize Hellenic Public Properties at implementation phase

  63. 21/10 18:00

    New General Manager at City Contact from January 1, 2025

  64. 21/10 09:16

    European Union Commissioner inaugurates creation of 'Trusted Investors Network'

  65. 18/10 23:09

    Exhibition of ancient cultures from Basilicata opens at Athens Acropolis Museum

  66. 17/10 19:13

    Enterprise Greece: 121 firms showcase environmentally friendly fashion at global shows

  67. 17/10 18:18

    Ticket price of 2 euros for cinema festival throughout Greece on October 31

  68. 17/10 14:34

    Prime Minister: Greece has been very effective in dealing with illegal migration

  69. 17/10 13:22

    Traditional Greek Costumes show:“From Avgi to the present: the clothes narrate”

  70. 17/10 12:21

    Santorini Experience Returned Better Than Ever

  71. 16/10 22:23

    Greek Development Minister meets Indiana Governor and US Ambassador

  72. 16/10 22:15

    Greek PM sees overtourism problem only in Mykonos and Santorini

  73. 16/10 22:10

    North Crete highway island project gains momentum

  74. 16/10 21:59

    Greek Cartoon Museum at 'Kapnergostasio' historic building set up in Athens

  75. 16/10 19:12

    Aegean Airlines expands direct flights between Thessaloniki and Kalamata in Greece

  76. 15/10 21:19

    Greek PM: Our goal is to increase revenues and not just tourist numbers

  77. 15/10 19:46

    Greek Energy Minister holds talks in Egypt on electricity connection

  78. 15/10 19:26

    Brussels Airlines to conduct year-round flights to Greece

  79. 15/10 18:34

    New Attica Transportation Strategic Plan will reshape the Region

  80. 15/10 16:44

    UK Ambassador to Athens: Greece's role is of strategic significance

  81. 15/10 15:49

    Greece's finance ministry reveals four main changes introduced by new tax bill

  82. 14/10 23:04

    Minister: Luxury tourism can upgrade quality of Greek tourist product

  83. 14/10 13:01

    Greek Infrastructure and Transport Minister: 35 new buses in Attica

  84. 14/10 12:54

    WTTC | Business travel to surpass pre-pandemic levels at US$1.5 trillion in 2024

  85. 14/10 11:48

    Commercial real estate continues upward course in Greece

  86. 11/10 22:39

    Acropolis Museum to mark European Days of Conservation-Restoration of Cultural Heritage

  87. 09/10 23:26

    Minister: More than 2,000 Greeks abroad registered on Rebrain Greece Platform

  88. 09/10 23:23

    Italgas to invest 1 bln euros in Greece by 2030 based on new strategic plan

  89. 09/10 23:22

    FinMin: The upgrade of the Athens Stock Exchange is excellent news for Greece

  90. 09/10 20:14

    Fraport Greece announces schedule of shutdowns to upgrade regional airport runways

  91. 09/10 17:30

    Greek government spokesperson highlights positive economic outlook for 2025

  92. 09/10 01:43

    October electricity bill subsidies to support vulnerable consumers in Greece

  93. 09/10 01:41

    Enterprise Greece: Four Greek wineries at ProWine Latin America 2024

  94. 09/10 01:31

    Three-week deadline for Greek taxi drivers to install payment card signage

  95. 08/10 18:22

    AEGEAN air passenger traffic surpasses 12.5 million in first nine months of 2024

  96. 08/10 16:31

    Report: Networking and career opportunities for foreign students in Cyprus and Greece

  97. 07/10 21:54

    Media: U.S. Ambassador to Athens is a Champion of Study Abroad Endeavors

  98. 07/10 21:44

    Universities of Tennessee and Athens to promote academic collaboration

  99. 07/10 20:36

    Greece's Gov.gr Wallet wins top award from WITSA

  100. 07/10 15:49

    Government: Bad loans in Greece fell to 7.5% in March 2024 from 40% in 2019