For sale to Indians the port of Patras?
Posted: Thursday, April 25, 2024 4:25 p.m
India is one of the fastest growing economies in the world, with estimates suggesting that by 2030 it could be the third largest in the world, behind only the US and China, surpassing Japan and Germany.
Running at high growth rates, 6.3% per year, and taking advantage of its huge human capital, which for the first time surpassed that of China, analysts estimate that by the end of the decades it could even double its GDP.
In this context, India is seeking to build its own modern “Silk Road”, an initiative similar to China’s and “One Belt, One Road”. The plan envisages a corridor for transporting products from land and sea that will reach the Middle East and then through the Mediterranean will end up in Central and Northern Europe.
A key stop on this route could be Greece and the opportunity for India arises from the intention of the Greek government to put three important Greek ports under the hammer.
It is about its port Lavrioits port Alexandroupolis and its port Patras. TAIPED is preparing for the three tenders and attracting investors. The ports in question, according to the information, had also been presented to the Indians during the business mission led by Prime Minister Kyriakos Mitsotakis to India.
Regarding the port of Lavrio, the tender process was opened at the beginning of March and foresees the sale of 50%+1 of the Lavrio Port Organization.
The developments with the port of Alexandroupoli also have a geopolitical dimension, as it is a point of great strategic importance. It is recalled that the previous tender process had been aborted due to the war in Ukraine even though it had reached the final phase of submitting binding offers. After the Russian invasion, the Greek government – and under the recommendations of the Western allies – wanted to re-evaluate all the parameters for its sale.
Finally, the port of Patras is the next one being prepared for exploitation by TAIPED, which is currently planning the process for attracting investors.
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