Transport minister blames privatization agency for delays in tollway, airport tenders

17 May 2018
222 Views

Greece’s relevant transport minister on Wednesday blamed the country’s privatization agency, itself a memorandum-mandated obligation, for delays in the tender process to sell-off a major northern Greece tollway and the state’s stake in the Athens International Airport.

Minister Christos Spirtzis directly pointed to the Hellenic Republic Asset Development Fund (HRADF), as the entity is officially called, for the delays, during a meeting with institutional creditors’ top auditors.

Representatives of European creditors (Commission, ESM, ECB) and the IMF returned to Athens this week for talks aimed to finalize the fourth – and last – review of the ongoing bailout. The third consecutive memorandum is due to end on Aug. 20, 2018.

“If the ministry had run the tender we would have finished and received triple the offer,” he said, while referring to “technocratic ineptitude” on the part of the HRADF’s consultants.

You may be interested

Kavala: The port city with the numerous faces
GREECE
shares795 views
GREECE
shares795 views

Kavala: The port city with the numerous faces

Panos - Dec 10, 2018

Kavala, the capital and main port of the Kavala prefecture is amphitheatrically built on the slopes of Mt. Symvolo forming…

Majestic natural pools you have to visit once!
TRAVEL
shares531 views
TRAVEL
shares531 views

Majestic natural pools you have to visit once!

Panos - Dec 10, 2018

Natural pools are always the best way to cool down in the heat. Surrounded by some of the most beautiful…

Last Greeks of Alexandria struggle to keep their community alive
GREECE
shares19 views
GREECE
shares19 views

Last Greeks of Alexandria struggle to keep their community alive

Panos - Dec 10, 2018

During the building of modern Egypt, Alexandria was a melting pot. People from the Levant and Europe came together there…

Leave a Comment

Your email address will not be published.