Moscow. December 9. Greece probably won’t be able to fulfill the plan of privatization of assets in 2016, said the head of the Fund for state property management of Greece (Hellenic Republic Asset Development Fund, HRADF) Stergios Pedirlas.
Conditions of a third aid program for Greece agreed earlier this year, suggest that HRADF will attract 3.7 billion euros through the sale of assets in 2016 and a further 1.3 billion euros in 2017. “May we approach the proceeds from the sale of assets at 3 billion euros, however it is most likely that we’ll get about 2 billion euros in 2016” – quoted Pitseolak newspaper the Wall Street Journal.
Budget Greece to 2016, approved by Parliament last weekend, estimates the revenue from the privatization of assets of 1.9 billion euros.
According to Pitseolak, HRADF expects to complete almost nine already initiated privatization projects in the first half of 2016. “Foreign investors already believe that the period of political uncertainty in Greece is over and the country has entered a phase of stability,” he said.
The project was granted a concession of 14 regional airports, the operator of Frankfurt airport Fraport and its Greek partner will be completed within 10 days, said Peticolas.
According to him, Belgian Fluxys and SNAM, the Italian has expressed an interest in buying Greek gas distribution operator DESFA.
The tender for the privatization of Piraeus port was postponed on December 21, interest in the purchase of the port expressed the Chinese Cosco and Danish A. P. Moeller Maersk.
Among other assets, which intends to privatize the Greek government – Thessaloniki port, the Trainose company (which owns the railway infrastructure of Greece, and also engaged in freight and passenger services) and the repair company Rosco and the share in Athens international airport.
In accordance with the terms of the third program of aid to Greece, Athens agreed with international lenders in August this year, the country needs to create a new privatization Fund, which will include assets totaling 50 billion euros.
According to Peticolas, the new Fund will be established by April 2016. Most Fund managers will be the Greeks, also in his leadership will include representatives of creditors.