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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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Bombardier extends London Overground maintenance contract

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Bombardier has agreed a 10-year extension of its contract with Transport for London (TfL) to maintain the fleet of 54 class 710 Aventra EMUs, which was due to expire in July 2025, to July 2035.

The extended contract is worth an additional £185m.

Maintenance will continue to take place at Bombardier’s Willesden Train Care Depot in North London. The fleet is in daily service on the Gospel Oak – Barking and Watford – London Euston routes.

The contract extension was agreed with TfL on December 18 and announced on January 17.

Source: railjournal.com

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Signatures approaching for Piraeus Port Cruise Pier

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A matter of just few weeks is -according to secure information-, the signing of the contract for the major extension project of Piraeus Port Cruise Pier. As it has become known, PPA’s Board of Directors has approved the signing of the construction contract with the contractor that has been awarded from the bidding process.

According to the same sources, the project will be signed and launched in the coming weeks, as the time is pressing for the project that is funded by NSRF 2014-2020.

The contractor is TEKAL company with a bid that reached 103m euros (+VAT), for an offer that approached 24.5%. Executives from the construction sector note that this is currently the largest cruise pier project in Europe. Nevertheless, the momentum of the port of Piraeus is evident by the statistics which show an increase in passenger and goods traffic, every year.

The project for the construction of the new cruise pier is a flagship project, included in COSCO’s investment program for PPA, which exceeds 600m euros. The original budget of the project was estimated at 136m euros (+VAT).

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Light rail growth strong in Europe, UITP says

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Light rail infrastructure and patronage has seen a steady increase since the start of the millennium, according to a report from the International Association of Public Transport (UITP), with 108 new cities around the world opening their first line, including 70 in Europe.

The Light Rail and Tram: The European Outlook statistics brief found that Germany and central Europe make up half of all patronage, with the rest split between southeastern Europe, France, Poland, the Benelux countries (Belgium, The Netherlands and Luxembourg), western Mediterranean, Nordic/Baltic and the British Isles.

Between 2015 and 2018, light rail infrastructure in Europe grew by 3.9% from 8943km to 9296km, with ridership growing 6.9% from 9740 million to 10,422 million passengers between 2015 and 2018. Light rail now carries as many passengers as metros and regional/commuter rail, and 10 times more passengers than air travel in Europe. The average light rail journey in Europe is 3.27km.

The busiest light rail network in Europe is in Budapest, Hungary, with 411 million passengers, while Berlin takes the title of longest light rail network in Europe at 193km. Ridership growth varies from region to region, ranging from 17.5% in the British Isles to 1.5% in Poland.

There are notable differences between network structures across the countries. While the average European line is 7.3km long, they tend to be longer on average in countries with newer systems and a limited number of lines, while older, more complex systems feature lower average line length.

The fleet operating on the 1275 light rail lines in Europe consists of 20,750 trams and LRVs, with 51% of this fleet comprising partial or full low-floor vehicles, ranging from countries with almost 100% such as France, Spain, Ireland, Britain and Norway to those with much lower percentages.

The average annual mileage per vehicle in Europe is 52,000km, ranging between 38,700km and 77,500km. The discrepancy can be partly explained by the fleet age structure. In addition, this value is theoretical and based on the assumption that all vehicles are used equally.

UITP says that with continued pressure to reduce congestion, tackle poor air quality in cities and reduce greenhouse gas emission contributing to climate change, light rail will continue to obtain support of decision-makers and the travelling public in Europe.

However, much attention and resources will go into the maintenance, modernisation and replacement of assets to keep ageing systems attractive and fit for purpose. For this reason, the growth of green-field projects in Europe will continue to slow down.

 

Source: railjournal.com

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