36-Million-Euro Upgrade Under Way at Kavala's Philippos II Terminal

Published on January 30, 2026 · KVL News

Photo: Ivan Ivanov / Wikimedia Commons, CC BY-SA 3.0

The Sarisa consortium's sub-concession of the Philippos II terminal is moving forward, with tens of millions of euros earmarked for new buildings and equipment.

Work tied to the 40-year sub-concession of Kavala's Philippos II terminal, signed between the Kavala Port Authority and the Sarisa consortium, is progressing. The deal, worth close to 34 million euros in upfront and guaranteed fees, includes a further 36 million euros in committed investment covering new Port Authority and customs buildings, heavy maintenance and equipment upgrades. Half of the terminal's sub-concession revenue is also earmarked to help upgrade the nearby Apostolos Pavlos passenger port.

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