Pursuant to the Joint Ministerial Decision 222/5.11.2012, HRADF received 100% of the shares of the Kavala Port Authority (OLK SA) from the Hellenic Republic.
OLK SA is situated in northeastern Greece (East Macedonia region) and is responsible for the management of four ports, the Passenger/Central Port of Kavala “Apostolos Pavlos”, the Commercial Port of Kavala Philippos B, Port of Keramoti and Port/shelter of Eleftheres.
HRADF has decided the exploitation via sub-concession of the right to use, maintain, operate and exploit a multi-purpose terminal within a part of Philippos B port, currently managed by OLK SA. 
OLK SA has the right to use and operate the buildings, land and facilities of the port land-side zone of Kavala Philippos B port on the basis of a concession agreement (dated 15 January 2003, amended in 2019) with the Hellenic Republic. The Concession Agreement and its appendices were ratified by law 4597/2019, which provides that the duration of the Master Concession Agreement will be of sixty (60) years, expiring on January 15, 2063. 
The main port activities of the commercial port of Kavala, Philippos II include multipurpose cargo handling. Container vessels may also be potentially served at the port facilities. The port offers ready-for-use port infrastructure and areas for cargo handling and storage. It also presents expansion possibilities, offered by a recently completed port extension (quay walls and terminal area).  
HRADF has appointed ERNST AND YOUNG Single Member Societe Anonyme for the Provision of Advisory Services” acts as Financial Advisor, “KLC Law Firm” as Legal Advisor, “Doxiadis Associates, Consultants on Development and Ekistics S.A.”, as Technical Advisor and “Port Consultants Rotterdam B.V.” as Commercial Advisor, for the said exploitation. 

 

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