Creditors of Greece call on the Greek government to proceed with privatisations

Source: Lamda Development

Source: Lamda Development

The proposal of Greece’s creditors in their negotiations with the Greek government includes the following terms regarding privatizations: 

  • The Board of Directors of the Hellenic Republic Asset Development Fund will approve its Asset Development Plan which will include for privatisation all the assets under HRDAF as of 31/12/2014; and the Cabinet will endorse the plan.
  • To facilitate the completion of the tenders, the authorities will complete all government pending actions including those needed for the regional airports, TRAINOSE, Egnatia, the ports of Pireaus and Thessaloniki and Hellinikon (precise list in Technical Memorandum). This list of actions is updated regularly and the Government will ensure that all pending actions are timely implemented.
  • The government and HRADF will announce binding bid dates for Piraeus and Thessaloniki ports of no later than end-October 2015, and for TRAINOSE ROSCO, with no material changes in the terms of the tenders.
  • The government will transfer the state’s shares in OTE to the HRADF.
  •  Take irreversible steps for the sale of the regional airports at the current terms with the winning bidder already selected.