Greek construction company Tekal SA has won the tender for the extension of Piraeus Port's cruise passenger terminal after being the only bidder.
The firm tabled an offer of EUR 103 million, plus value-added tax (VAT) down from the initial EUR 136.2 million, plus VAT. Other groups which had expressed interest participated in the competition but didn't submit bids. After the deal is finalized, Tekal is due to undertake the expansion of the pier in the southern zone of the port. The company has a total of 34 months to complete the works from the finalization date (expected in fall) via operations slated for mid-2022.
The new terminal's creation, that was approved in July 2019, is part of the binding investments to be implemented by Cosco - Piraeus Port Authority manager. Earlier this week, Greece's Shipping Minister Yiannis Plakiotakis expressed satisfaction with the new updated master plan for the port's development. Cosco is committing to modernization works that are worth EUR 800 million – up from the initial EUR 612 million – aiming to establish the port as one of the top 3 in Europe in terms of container handling capacity.
Through the terminal expansion, the port of Piraeus will be able to handle the largest cruise ships in the world, as well as 4 next-generation liners more than 400 meters each. Piraeus Port Authority is aiming with the project to become a leading Mediterranean homeport attracting an additional 580,000 passengers.