The Hellenic Republic Asset Development Fund S.A. (HRADF) was established in 2011 according to its founding Law No. 3986/2011 with an initial mandate to leverage the State’s private property assigned to it by the Hellenic Republic. HRADF operates to serve the public interest, according to the rules of the private economy. The development and utilization of public property are implemented in accordance with the prevailing market conditions and with guarantees of full transparency. HRADF adopts and implements the Asset Development Plan (ADP), which is reviewed every six months and is authorized by the Government Council for Economic Policy (KYSOIP). In addition, HRADF is assigned the maturation of contracts that are part of the Development Programme for Contracts of Strategic Importance. Therefore, maturation services, carry out the tender process and supervise the implementation stage for projects of strategic importance, which are classified as part of the “Strategic Project Pipeline” (SPP), will be provided through a discrete operational unit at HRADF, the Project Preparation Facility (PPF), in order to be a clear distinction from the state-asset development role it has pursuant to Law 3986/2011. In pursuing the purpose of the Fund, particular care shall be taken to contribute to the achievement of the objectives of the Europe Green Agreement and the 17 Sustainable Development Goals (SDGs) of the United Nations. HRADF’s sole shareholder is the Hellenic Corporation of Assets and Participations (HCAP). In the context of ensuring absolute transparency, the Fund publishes quarterly reports, has internal procedures and policies, a published Procurement Regulation, and internal and external auditors. The Fund is a growth multiplier. Its mission is to maximize Hellenic Republic’s revenues by developing public assets and creating added value for the Greek economy, the people, investors, the local communities, the labor market, and the environment.
