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Chios marina concession agreement, signed

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The concession agreement of the right to use and exploit the marina of Chios for a duration of 40 years to “Marina Chios SA” the SPV company set up by the Preferred Investor scheme “AVLUM ENTERPRISES COMPANY LIMITED – IOANNIS & ELIAS D. TEFAS NAFPIGOPLASTIKI – CLEOPATRA MARINA SA – TOURISTIKOS LIMENAS PREVEZAS SA” was signed on August 8th, 2019.

The Minister of Tourism, Mr Charis Theocharis, representing the Greek State, signed the concession agreement, along with Mr Aris Xenofos, HRADF’s Executive Chairman, Mr Ioannis Tefas, CEO of the Marina Chios SA , Mr Michael Belegris, Chairman of the Marina Chios SA, and Mr Ioannis Saroglou, CEO of the AVLUM ENTERPRISES COMPANY LIMITED. Captain Panagiotis Tsakos was also present in the signing ceremony.

The total consideration amounts to at least €6,213,615 million, comprised of an upfront payment of €600,000, an annual concession fee and a revenue-sharing expressed as a percentage of the marina’s annual turnover.

The marina of Chios, built in the late 1990s, was never operational and remained undeveloped since its construction. It is located in the central part of the eastern coast of Chios, 2.5km from the city centre of Chios and the main port and about 6 km from the island’s airport. The sea zone of the marina of Chios, with an area of approximately 80,000 square meters, includes a harbour with a total area of about 28,000sq.m. The terrestrial zone of the Chios marina, with a surface area of approximately 35,000sq.m. has been formed primarily by sea-bed infiltrations.

The investor is expected to implement a four-year investment plan to modernise the marina infrastructure, make it operational while substantially improving the wider area. In full development, the marina will offer 180 berths for vessels up to 25m in length and up to 6,900m2 of buildable space for recreational and touristic use.

The investor is expected to upgrade the port infrastructure, to deploy the reef at the entrance of the marina, to place permanent anchorages etc., as well as to build all the necessary infrastructure in the upland area, including internal road network, as well as parking spaces.

Mr Aris Xenofos, Executive Chairman of HRADF, stated: “Attracting investments in Greek marinas greatly impacts the overall image of respective areas and supports the tourism industry. Equally important is the benefit for local communities by the contribution to the local economy and employment since studies show that for every 100 berths, 4.4 direct jobs are created and another 100 are indirectly created within and the wider marina area. The Fund remains fully committed to its development objective and to strengthen the tourism prospects of the country, creatively exploiting the marinas in its portfolio, so that they can become a new competitive tourism option to the proposals offered by neighbouring countries”.

Mr Riccardo Lambiris, HRAFD’s CEO, commented on the occasion: “We are pleased with today’s signing as it marks the concession of the first marina by the Fund that will upgrade the tourist infrastructure of Chios, for the benefit of the economy and residents. We ought to acknowledge the decisive contribution of all those who have worked to make this deal possible and especially the teams of the Fund and the Ministry of Tourism and all those who have contributed to the success of yet another tender of HRADF. We would like to wish the investors every success reiterating the Fund’s commitment to help and assist them if needed”.

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China poised to open 350 km/h automated railway

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Bullet train China

Automated operations are due to start before the end of this year on the 174 km high speed line linking Beijing with Zhangjiakou in Hebei province, one of the host cities for the 2022 Winter Olympic Games. Journey times will be cut to around 50 min compared with about 3 h by trains using the 190 km conventional line.

Designed to carry visitors to the Olympic venue at up to 350 km/h, the line will be ‘the smartest in the country’, according to Mo Zhisong, Chief Engineer responsible for train control systems at China State Railway Group, which until June this year was known as China Railway Corp.

Speaking at a press event last month, Mo said tests had shown that the smart railway improved operational safety and comfort, enhanced on-time performance and cut energy costs. Automatic driving and dispatching systems and intelligent substations are among 67 ‘smart technology projects’ deployed on the line. Different types of intelligent robot will be available at stations to assist passengers and handle luggage. During the trials, a test train reached a maximum speed of 385 km/h.

Design of the 53·5bn yuan railway was carried out by China Railway Engineering Consulting Group with the help of a suite of software from Bentley Systems. The line includes 10 tunnels, one of which is 1·2 km long, and 64 bridges. One of the 10 stations will serve the Great Wall visitor site at Badaling and is located up to 102 m below the surface.

Source: railwaygazette.com

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Railway: Maintenance works to be carried as PPPs with NSRF 2021-2027 funds

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Σιδηροδρομικός σταθμός με ηλεκτροκινούμενες γραμμές

OSE is now in full preparation in order to enter to inaugurate a new era. The new administration is mainly focused on maintenance works, lines’ reopening and a general restructuring of the Organization towards more modern standards, enabling it to transform the country’s railway.

Maintenance to be prioritized

More particularly, there is a priority for maintenance works and redevelopment of existing lines. According to OSE sources, preparations have already begun for the tendering of extensive maintenance projects. The important news is that these projects are eligible for funding by the new NSRF 2021-2027, so planning will be directed to the new funding period.

It is also almost certain that the Ministry of Infrastructure and Transport prefers long-term contracts with the PPP method, as ypodomes.com had previously revealed. This solution, according to the same sources, will provide continuous maintenance of the network and its upgrading to the European standards.

A network with many users

OSE’s interest has also shifted to expanding its customer base. Freight transport seems to be able to transform the railway into a new major playee. It is reminded that, in addition to TRAINOSE, Rail Cargo, PEARL and other companies have also entered the freight transports game.

Meanwhile, major groups of companies such as Motor Oil and HELPE have expressed interest in connecting to the national network, creating interest for other companies to invest and accelerate the transport of their products via the railway network.

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DB approves purchase of 30 high-speed trains

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German Railway DB train

German Rail’s (DB) Supervisory Board has approved the purchase of 30 high-speed trains, in addition to the 137 Siemens ICE 4, 23 Talgo ECx and 17 Stadler Kiss trains that are also on order.

The new trains will be used to increase capacity, especially on the Cologne – Frankfurt high-speed line and on services between Munich and Berlin.

DB issued a call for expressions of interest for a framework agreement to supply up to 90 high-speed EMUs in October. The specifications call for at least 11,400 seats across the fleet, along with eight bicycles spaces per train.

DB will also invest €500m in its ICE workshops, creating 600 new jobs. The DB facility in Frankfurt-Griesheim will be significantly expanded to increase maintenance capacity, while plans are already underway for the Cottbus workshop to be expanded.

Source: railjournal.com

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