Port of Thessaloniki: Investment in Pier 6 remains on track

According to the absorption of Thessaloniki Port Authority (ThPA), the enlargement task of Pier 6 is progressing arsenic planned and is expected to beryllium completed by 2029.

Meanwhile, 2026 is expected to beryllium different year of maturation successful instrumentality throughput for ThPA, while the diminution recorded successful cargo volumes is being offset by special cargoes, which make higher revenues. Overall, the larboard of Thessaloniki, arsenic stressed by CEO Ioannis Tsaras during the yearly wide gathering of shareholders, does not so acold look to person been affected by the war successful Iran, with lone a constricted interaction perchance arising from rising vigor costs, though the company, arsenic noted, has safeguards successful place.

Asked by Naftemporiki whether the ineligible quality with the Municipality of Thermaikos regarding soil extraction successful Epanomi—material used for the Pier 6 project—was delaying the expansion, helium replied that the task is proceeding usually and that there is nary ineligible dispute. (The Municipality of Thermaikos has filed an entreaty with the Council of State and submitted a petition for suspension.)

Since April 2026, the specialised dredging vessel tasked with deepening the berth and expanding the quay extent has arrived astatine the port, while a small factual accumulation installation has already been installed adjacent to the operation site. Funding for the task has besides been secured, with lone the last terms of the financing structure remaining to beryllium formally concluded successful the coming months. Due to its strong fiscal position, ThPA S.A. has country for dialog connected those terms. The institution itself will lend 110 cardinal euros from its ain funds, while the total concern fund is approaching 200 million.

It is recalled that the last declaration for the Pier 6 enlargement was signed successful November 2025 with the METKA–TEKAL consortium.

The outstanding equilibrium of mandatory investments—including the Pier 6 project—currently stands astatine astir 157 cardinal euros and is expected to beryllium completed implicit the adjacent three to three-and-a-half years. Since the privatisation of the larboard successful March 2018, the company’s total investments person exceeded 89.6 cardinal euros, of which 22.5 cardinal interest certified mandatory investments and 67.1 cardinal euros subordinate to further investments for infrastructure upgrades, warehouses, mechanical instrumentality and the digitization of services.

As a effect of the company’s strong 2025 performance, its absorption projected the organisation of an accrued dividend of 2.20 euros per stock from 2025 earnings, up by 0.20 euros compared with the dividend for fiscal year 2024, with outgo scheduled to statesman connected May 20.