TREK Development (ticker: TREK) announces that it has undertaken a project for the supply and installation of floating breakwaters and pontoons at the Port of Lavrio, on behalf of the Lavrio Port Authority (OLL), in cooperation with MARINETEK.
The scope of work includes the construction, installation and mooring of modular floating pontoons, the supply and installation of service pillars, and the electromechanical works required to connect the new pontoons.
The total project budget is €3.3 million, of which TREK’s share is €1.8 million plus VAT. Completion is expected by the end of February 2027.
The project follows the strategic partnership agreement signed in October 2026 between TREK and MARINETEK, a marina construction company based in Croatia, Finland and Florida, USA, which holds several international patents for floating marina systems. Under the agreement, the two companies will jointly promote port and marina projects in Greece and Cyprus, covering design, financing and construction.
The partnership strengthens TREK’s presence in infrastructure and marks its entry into the vertically integrated critical infrastructure market, which is the main focus of its construction business.
