A series of government-owned marinas in Greece are set to be included in a massive fire sale of state assets being prepared by the beleaguered Mediterranean country.

The country is hoping to raise around €50bn over the next four years by selling off state assets such as marinas as well as casinos and former Olympic venues.

It's not known at present which marinas or how many are being considered for sale, but according to Greece's Ministry of Finance, investors for the sites are already being identified.

"Starting in 2011, private investors interested in equipping marinas in Greece with modern tourist infrastructure will be identified and appropriate investment structures set up," the department said.

In May last year, Greece received a €110bn bailout from the EU/IMF, but is still struggling with debts of more than €300bn.

Via mby & ibinews