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Feasibility of the Development of Cruise Terminal in Lavrio Port under Concession Scheme

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  • Evgenios Tassopoulos
  • Sotirios Theodoropoulos

Abstract

Cruise industry is an economic activity experiencing a noticeable growth during the last years worldwide. The efficient exploitation of existing ports and related infrastructures for the development and expansion of this tourism segment of the Greek economy can provide multidimensional benefits. This paper examines the fundamentals qualitative parameters of the port of Lavrio in order to be established as a cruise terminal, decreasing Piraeus port congestion. Efficient cooperation between public sector as owner of infrastructures and private entities providing knowledge and know how in cruise industry can produce high quality services for the clients, ensuring Value for Money and profit maximization for the involved parties. The paper examines the potential for the development of a home port in Lavrio via concession agreement and presents the major parameters that should be evaluated from the public sector for the selection of the optimal bidder. This case study is evaluated in order to examine the feasibility of the investment for the private sector and the potential benefits for the public sector, under specific assumptions under the case study scenario.

Suggested Citation

  • Evgenios Tassopoulos & Sotirios Theodoropoulos, 2013. "Feasibility of the Development of Cruise Terminal in Lavrio Port under Concession Scheme," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 3-16.
    • Handle: RePEc:ers:ijebaa:v:i:y:2013:i:4:p:3-16
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    References listed on IDEAS

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    More about this item

    Keywords

    Cruise Terminal; Concession; Value for Money; Optimal Bidder; Case Study; Feasibility;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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