Tholos S.A. - a 100% Michaniki S.A. subsidiary signed contract for the construction of the work: "Kavala Port, Extension of Breakwater of Northern Part in Western Section" worth 10.9 million euros. The project involves the construction of breakwater of total length of 510 m. in the northwestern border of Kavala''s port, banking up the breakwater for the preparation of terrestrial surface, construction of road networks and platforms, construction of flood-preventing works and electromechanical installations. The time schedule for the completion of the project is 25 months from the signing of the contract.