The French group is to invest €151m of public funds into the ports of Vauban and Gallice
The Artemis Group is to invest €151m of public funds into the French town of Antibes after winning the tender to manage both Vauban and Gallice ports.
Artemis was one of five consortiums or businesses that expressed an interest in bidding for the new management contract that came into force earlier this year.
The Artemis Group comprises three public entities – the Nice Côte d’Azur Chamber of Commerce (CCI), which has 51%, Caisse des Dépôts with 39% and Caisse d’Epargne Côte d’Azur with 10%.
This grouping of public entities brings together technical expertise and financial capacity. CCI is already involved in the operation of four marinas with 2,600 berths – in Cannes, Nice, Golfe-Juan and Villefranche-sur-Mer.
With Port Gallice having 486 berths and the two Antibes facilities – Port Vauban and the International Yacht Club Association quay – with 1,642 berths up to 170m (558ft), CCI’s total is now up to nearly 4,000.
Caisse des Dépôts and Caisse d’Epargne Côte d’Azur are both publically owned financial businesses.
The Artemis concession runs for 25 years from 2017 at the two Antibes facilities and 15 years for Port Gallice from 2018. In addition to the €151m investment at Antibes and Port Gallice, Artemis will pay the City of Antibes €18m a year.
Under the Vauban 21 plan, Artemis will work on specific projects through the 2018-2027 period, although the €135m will be spent over the full 25 years of the concession.
A key objective of the Vauban 21 plan is to strengthen the position of Antibes as being Europe’s largest yachting centre by tonnage terms to make it the European yachting capital. In terms of tonnage, the recent announcement by OneOcean Port Vell that it has sold a 160m (525ft) berth suggests that Dilbar, the world’s largest superyacht by volume, is possibly moving its base from Antibes to Barcelona.