NEWSLETTER // JULY 2024

Asset Development & Ports Planning Authority

MoU HRADF – HPPC

On July 1st, HRADF announced the signing of an MoU with the Hellenic Public Properties Company (HPPC), to develop effectively iconic properties in the portfolio of HPPC. The two companies will form a joint working group, led by a HRADF executive and guided by the CEO of HPPC. The MoU will remain in force for three years and can be renewed subject to mutual agreement.

National Ski Center in Vassilitsa

On July 8th, HRADF announced the launch of the tender for the development of the National Ski Center at Vassilitsa, which covers a total area of 6,200,000 sqm. The preferred investor will undertake, with a concession agreement for a period of at least 25 years, the right to use, operate, manage, and exploit the ski center. The goal is to establish the facility as an attractive destination for mountain tourism throughout the year, thus enhancing regional development. The tender process will be conducted in two phases. The deadline for the expression of interest by potential investors has been set on September 13th, 2024.

“Sani Kassandra” in Halkidiki

The development of the “Sani Kassandra” property in Halkidiki is underway as an agreement of 8.6 million euros was signed between HRADF and the company "Sani Development and Tourism Company S.A.", which was declared as the preferred investor, on July 9th.

Beach & Camping in Agia Triada

On July 25th, MATENISA TRADING CO. LTD was declared as the Preferred Investor in the tender for the development of the property “Beach & Camping in Agia Triada”, following an improved offer of 19.5 million euros. The improved offer was 140.7% higher than the starting price of the E-Auction (8.1 million euros achieved at the initial tender process).

Spilia Yacht Shelter in Corfu

On July 29, HRADF announced the launch of a tender for the sub-concession of the port services and the right to use, operate, and exploit for a period of 25 years the yacht shelter of Spilia, located in the port of Corfu. The tender will take place in a single phase and the deadline for the submission of bidding offers has been set for December 20, 2024.

Expansion of the Fund’s mandate & merge with GROWTHFUND – The National Fund of Greece

On July 31st, the Parliament approved legislation regarding the restructuring of GROWTHFUND – The National Fund of Greece. The new legal framework provides for the following:

• The merge of HRADF and the HFSF with the GROWTHFUND – The National Fund of Greece by the end of 2024.
• The establishment of a specialised account at the Bank of Greece named "HRADF - Specialised Account for the Development of Port Infrastructure”. 50% of the proceeds from the contracts signed for the development of ports and port infrastructure with private investors will be deposited into this account. The funds will be used to finance investments for upgrading the regional ports developed within HRADF’s portfolio.

Project Preparation Facility (PPF)

Logistics Park in Fyli

Five investment schemes expressed interest in the tender for the development, operation, and maintenance of a Logistics Park in the area "Spilies", in the Municipality of Fyli, covering a total area of approximately 437,000 sqm.

The following parties expressed interest (in alphabetical order):

1. AEGEAN OIL S.A.

2. CONSORTIUM CONSISTING OF THE COMPANIES “NEWSPHONE HELLAS S.A. AUDIOTEX” - “CALL CENTER HELLAS S.A.” – “ATHENS COMMUNICATIONS & INFORMATIONS CENTER S.A.” - “LEVANTE EXPRESS LTD” – “PLANNING MANAGEMENT CONSULTANTS S.A.” - “VARVARIGOS P. & CO O.E.”

3. FINCOP INFRASTRUCTURE LTD

4. GOLDAIR CARGO S.A. INTERNATIONAL FORWARDING AND LOGISTICS

5. ORPHEFS VEINOGLOU INTERNATIONAL FORWARDERS S.A.

HRADF’s Project Preparation Facility (PPF) has prepared and is conducting the international tender of the development of the property, on behalf of the Municipality of Fyli.

Phase A of the tender will be completed with the evaluation of the submitted folders of expression of interest and the announcement of the pre-qualified parties that will proceed to Phase B of the tender. Phase B consists of the Competitive Dialogue process and the submission of Binding Offers.

The park will operate as a modern, sustainable and innovative logistics hub.

Athens Riviera – Urban Promenade

On July 15, in an event that took place in the presence of the Prime Minister, Kyriakos Mitsotakis, the contract for the construction of the New Urban Promenade on the Athenian Riviera, with a total length of 22 km, was signed. The contract for the tender, which was prepared and carried out by the Project Preparation Facility (PPF) of HRADF, was signed by the Governor of Attica, Nikos Hardalias, and the representative of the contractor company ZITAKAT, Dionysis Zafeiropoulos. The project is expected to significantly improve the quality of life for residents and visitors alike, as it will significantly promote sustainable mobility.

Government Park "Andreas Lentakis"

On July 15, HRADF announced the launch of the tender for the development of the Government Park "Andreas Lentakis”, which will cover an area of 154,000 sqm. The Park will be developed in the premises of the Hellenic Defense Systems which will be relocated. This ambitious project provides for the creation of a new administrative office complex, which will host several Ministries, government services and the development of a large urban green park. The project will be implemented through a Public-Private Partnership (PPP) and has an estimated budget of 421 million euros. The preferred investor will undertake the construction, financing, maintenance, and operation for 30 years of the new administrative building complex and the urban park. The tender process will be conducted in two phases, and the deadline for submitting expressions of interest has been set for September 6, 2024.

National Health System

Several contracts, amounting to 34.9 million euros were signed in July for the upgrade of infrastructure in 10 Hospitals (Nikaia, Naxos, Gennimatas, Patras "Ag. Andreas”, Sismanoglio, Nea Ionia "Konstantopouleio – Patision", "Elpis", Serres, Komotini, and Katerini) and 5 Health Centers (Andritsaina, Krestena, Filiatra, Kranidi, and the Child Psychiatry Hygiene of the Children's Polyclinic in Athens).

Civil Protection

On July 2, a contract was signed between HRADF and the Ministry of Civil Protection and Climate Crisis to support the services of the General Secretariat for Natural Disasters Recovery and State Support with the aim of expediting compensation in areas affected by the natural disasters Daniel and Elias.

Environment

On July 5, a contract, worth 820.381, euros was signed regarding engineering works for the protection of forest areas in Rodopi from erosion following a tender which was conducted by PPF.

Additionally, on July 19, yet another contract was signed for the implementation of fire protection and prevention measures in forest areas located in the Region of Attica. The project, with a budget of 4.8 million euros, is part of the Antinero III programme.

National Hellenic Research Foundation

On July 11, following a tender prepared and conducted by the PPF, a contract of 5.8 million euros was signed for the renovation and energy upgrade of the National Hellenic Research Foundation (NHRF) building. This contract paves the way for the creation of the innovative Center of Excellence at NHRF for the diagnosis and treatment of cancer, with a total price exceeding 30 million euros.

Interagency for Market Control (DIMEA)

On July 31, following a tender matured and conducted by PPF, a contract was signed for the operational and structural renovation of the 4th floor and an underground storage area of the operational center of DIMEA. The contract was signed between the Ministry of Development, MOU S.A. and the contractor company WORTH Ltd.

Sustainability, ESG and Climate Change

Cold Ironing Infrastructure

Four regional ports, part of the HRADF portfolio, Lavrio, Rafina, Kavala and Corfu, have secured funding of 10 million euros from the European Commission's Connecting Europe Facility (CEF) Programme, for the development of cold ironing infrastructure and the preparation of relevant studies. The Port Authority of Lavrio coordinated the proposal submission to CEF, while the Sustainability & ESG Department of HRADF organised the participation of the other three ports in this initiative.

The project includes the construction of 4 onshore power supply stations at the port of Rafina, technical studies for 9 power supply stations at the port of Lavrio, 11 at the port of Corfu, and 9 at the port of Kavala. The primary aim of this initiative, named DECOMPRESS, is to facilitate the sustainable transition of these ports and transform them into green technologically advanced ports.

Development of Electric Charging at Ports / Installation of Charging Stations in Port Parking Areas

In July, HRADF initiated an important project for the green transition of ports with support from the National Technical University of Athens and Gates Corporation.

• The project involves mapping the existing charging stations at the ports and identifying the operational models for electric vehicle charging units in the parking areas within the land port zone of the Greek ports.
• The project also includes the preparation of a guide for the installation and operation of electric charging stations for the ports, as well as a support guide for the ports to evaluate offers from investment schemes specialising in this sector.
• Two pilot applications will be developed for the licensing and installation of charging stations at two ports in HRADF’s portfolio: Rafina and Corfu.

Carbon Footprint Measurement

In July, HRADF began working with a specialised consultant to calculate and compile a report on the carbon footprint of the ports within the Fund’s portfolio for 2023. The report examines Scope 1 emissions (direct emissions from activities under the full control of the ports) and Scope 2 emissions (indirect energy emissions—primarily electricity used in the ports), based on the requirements of the GHG Protocol standard. The findings will serve as a valuable tool to reduce costs, manage environmental risks, and enhance corporate responsibility.