x

Economy

Investors Lining Up Bids to Build Mega-Yacht Marina on Corfu

CORFU – One of Greece’s most popular and greenest islands, Corfu, will be home to more of the kind of rich residents, vacationers that the country wants, with plans to build a marina for mega-yachts for the super-wealthy.

So keen is the interest as Greece is seeing more luxury resorts, 5-Star hotels and destinations for the world’s richest that investors are getting in line to submit bids to build it, said Kathimerini.

Four bidders’ groups have expressed interest in the marina and the board of state asset management fund TAIPED has decided to allow all four bidding groups to submit binding bids, the report said.

They are an alliance between construction firms Avax and Aktor; D Marinas Hellas, a subsidiary of US investment fund CVC Capital; Lamda Marinas, a Lamda Development subsidiary; and TEKAL, a construction firm specializing in port infrastructure, but also providing services to marinas, the report said.

Apart from TEKAL, the other bidders actually own or manage marinas, the plan to develop what is now a small vessel repair installation at the western end of the port of Corfu, next to the cruise ship terminal.

The planed marina will be able to hold some 100 craft, 30-140 (98-459 feet) meters in length. Besides the marina support installation, it is expected that there will also be a hotel, a shopping center and dining facilities catering to people.

The winning bidder will sign a 40-year contract and it was said the prospects were good given the number of yachts that want to go to Corfu, one of Greece’s biggest draws for them and tourists.

 

RELATED

ATHENS - “Haris Doukas has achieved the impossible” – begins Nektaria Stamouli’s article in Politico about the new mayor of Athens, following her headline: ‘The man who came from nowhere to run Athens’.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

By Defining Sex, Some States Are Denying Transgender People Legal Recognition

TOPEKA, Kan. (AP) — Mack Allen, an 18-year-old high school senior from Kansas, braces for sideways glances, questioning looks and snide comments whenever he has to hand over his driver's license, which still identifies him as female.

WASHINGTON (AP) — As he prepared to take office three years ago, Joe Biden's incoming administration considered a host of possible options to fulfill a campaign pledge to end the federal death penalty.

American consumers are feeling less confident this month as concerns over a possible recession grew.

MILAN (AP) — Conductor Gianandrea Noseda made a triumphant return to Teatro alla Scala in an informal role as cultural ambassador, leading the U.

Sixty-four percent of American travelers demand comfort and more innovative green options.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.