Press Release - Decision of the Inter-Ministerial Committee for the utilization of the Municipal estate via the implementation of a Welfare Centre for the Elderly for the Municipality of Mikra.
The scope of the project involves the design, financing, construction, maintenance, facility
management, insurance and exploitation of a Welfare Centre for the Elderly amongst the area of
Trilofo and Kardia of Mikra Municipality and the implementation of sports and cultural facilities.
The duration of the Partnership is thirty (30) years. Contracting Authority of this project is the
Municipality of Mikra.
The implementation of the Partnership aims to exploit the Municipal estate via the
development of sports and cultural infrastructure in favor of the Municipality?s citizens towards
the direction of an integrated restoration and a qualitative enhancement and exploitation of the
wider area.
The indicative estimated budget (NPV) of the project amounts to 126 million euros and will be
fully repaid. Moreover, the partnership agreement will provide for a minimum guaranteed revenue on
behalf of the Private Partner for the Municipality of Chios and, in case the turnover from the
operation of the Unit exceeds a certain level, the additional profit will be shared between the
public and the Private Partner.
