Hellenic Republic Asset Development Fund: Best Asset Development Strategy Europe 2022


Hellenic Republic Asset Development Fund (HRADF) has been entrusted by the Greek government as a strategic partner in the funding and development of critical infrastructure projects. The organisation strives to spur growth across the Greek economy and to bolster the country’s international credibility. From 2011 through 2020, HRADF helped facilitate 48 privatisations and contributed to the creation of 20,000 full-time jobs. These projects have generated over €9bn in proceeds and a spill-over effect of more than €20bn. That translates to upwards of €1bn in GDP per year. HRADF engages in dynamic asset development and remains involved to successfully conclude transactions and transition projects into the private sector. HRADF has been designated by the state as a Ports Planning Authority over the 10 regional marine ports in its portfolio. It assisted in the privatisation of 14 Greek airports by successfully concluding an international tender process that secured €463m in investments, created 11,600 jobs and contributed an annual impact of €630m in GDP. HRADF coordinates with investors and government agencies towards the creation of public-private partnerships. It prepares project finance and works with public budgets to expedite procurement processes. HRADF stipulates a commitment to ESG progress in its founding laws, with prioritisation given to achievement of the European Green Deal objectives and the UN’s SDGs. It promotes sustainable finance, circular economies, blue growth, green innovation and climate technologies. The CFI.co judging panel presents HRADF with the 2022 award for Best Asset Development Strategy (Europe).