Signatures approaching for Piraeus Port Cruise Pier

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).