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Big Interest by bidders in developing Greek SY marina in Corfu

Four companies, all Greek marina-related businesses, have expressed interest to the Hellenic Republic Asset Development Fund (HRADF), or TAIPED, in developing a new superyacht marina in Corfu, according to a report in the Ekathimerini news outlet. The new facility will offer 98 berths for superyachts from 30m-140m (99ft-460ft).

The bidding will follow HRADF’s standard two-phase tender process comprising a pre-qualification phase and a binding offers phase. Under the first phase all four bidders will be allowed to move to phase two and present their binding bids. The winning bidder will secure a concession for 40 years.

A more compact IPS triple propulsion system and a hull designed by Azimut’s technical team, in partnership with Volvo engineers, translates into improved fuel efficiency. The use of carbon fibre in the yacht’s superstructure reduces its overall weight and opens the way to a revolutionary increase in volume without affecting stability, Azimut says. The result is a reduction of up to 30% in fuel consumption at medium and high speeds and sufficient surface area, for the first time on a 70-footer, to offer an incredibly generous layout, featuring a large lower deck with five spacious cabins and a garage for two water toys. The main deck is designed around outdoor and indoor lounge areas and a spacious galley.

The bidders, according to the report, are:

  • A partnership between construction companies Avax and Aktor
  • D Marinas Hellas, a subsidiary of CVC Capital based in Luxembourg
  • Lambda Marinas, a subsidiary of Lambda Development

The fourth bidder is understood by Ekathimerini to be TEKAL, a construction company that specializes in port infrastructure, but also services and marinas.

With the exception of TEKAL, all of the other bidders currently operate marinas. D Marinas Hellas, for example, operates three marinas at Lefkas, Gouvia and Zea which collectively provide over 2,000 berths.

In addition to the marina, the project also includes the expansion of an existing small boat repair yard which is located at the eastern end of Corfu port. The new marina will also include upland development of hotels, shopping centres and food and beverage outlets.

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