Wedoany.com Report-Nov. 20, The Thessaloniki Port Authority (ThPA S.A.) signed a €195.6 million construction contract on 19 November 2025 to expand Pier 6 at the Port of Thessaloniki, marking the largest infrastructure upgrade in the port’s history.

The agreement was formalised between ThPA and the joint venture of METKA S.A. and TEKAL S.A. Signatories included Dr Ioannis Tsaras, CEO of ThPA S.A., Dinos Benroubi, Vice Chairman and CEO of METKA ATE, and Argyro Psaltakou, Vice President of TEKAL S.A.

The 40-month project will extend Pier 6 by 513 metres and widen it to 306.5 metres while deepening the navigation channel and turning basin. These improvements will enable the port to accommodate Ultra Large Container Vessels (ULCVs) with capacity up to 24,000 TEU simultaneously — a capability unique in Northern Greece.

Upon completion, the container terminal’s annual throughput capacity will increase from 650,000 TEU to 1.5 million TEU, significantly strengthening Thessaloniki’s position as a regional transshipment hub in Southeast Europe.

The expansion forms part of Mandatory Investment No.1 under the Concession Agreement between the Hellenic Republic and ThPA S.A. Funding will be provided through ThPA’s own resources and forthcoming bank financing.

Dr Tsaras stated: “With the signing of the contract, the Port of Thessaloniki is entering a new era of development. The expansion of Pier 6, the largest upgrade project in the history of the port, creates the conditions for Thessaloniki to strengthen its role in the Mediterranean as a strategic trade hub for Southeast Europe.”

The project is expected to generate substantial economic benefits, including job creation during construction and operation, increased trade volumes, and higher public revenues for the region.

Work is scheduled to begin shortly, positioning Thessaloniki to handle growing container traffic and reinforce its competitive standing among Mediterranean and Balkan ports.