Greek lender Piraeus Bank this week announced that it will finance a 200-million project in the Thriassio industrial district, west of Athens proper, to build a massive logistics hub connected by rail with the nearby port of Piraeus and intersecting highways.
Greek lender Piraeus Bank this week announced that it will finance a 200-million project in the Thriassio industrial district, west of Athens proper, to build a massive logistics hub connected by rail with the nearby port of Piraeus and intersecting highways.
In a press release on Tuesday, the Athens-based bank noted that the 60-year concession agreement for the 588-acre Thriassio Transit Center was signed between the Greek state, the state-run railways property developer (GAIOSE) and THEK SA, which will carry out the project. The latter is comprised of ETVA Industrial Area, with 80 percent, and with Goldair owning the remaining 20 percent.
The financing will be carried out with the participation of THEEK SA. via a loan from Piraeus Bank, which is a shareholder of ETVA Industrial Area (65 percent).
“Piraeus Bank are always looking for suitable investment projects that align with our strategy to be a pillar of stability for the Greek economy and we are proud to be financing such a significant infrastructure project in Greece," Piraeus Bank Chief Executive Officer Christos Megalou said in a prepared statement.