ATHENS, April 14 (Xinhua) -- The Greek government launched on Monday the process for the privatization of the northern port of Thessaloniki, part of a wider program of privatization of state assets aimed to support efforts to beat the debt crisis.
The Hellenic Republic Asset Development Fund (HRADF) issued a statement inviting all parties interested to participate in the international tender to submit an expression of interest for the acquisition of a majority stake of 67 percent of Thessaloniki Port Authority by June 5.
Thessaloniki port, Greece's second largest port after Piraeus port, is considered as a particularly profitable port with cargo traffic on the rise.
Its sell-off is expected to contribute significantly to the 1.5 billion euro (2 billion U.S. dollars) revenue target set for 2014 for Greece's overall privatization program.
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