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    Reference: 20030175
    Release date: 13 June 2003

    Promoter – Financial Intermediary

    ATTIKO METRO S.A.
    Contact: Ms. S. Trezou

    Location

    Description

    The project consists of the design, construction and commissioning of four extensions to lines 2 and 3 of the Athens Metro comprising 13 km of underground tracks, 11 stations and 2 depots. It also includes the required electromechanical systems (signalling, automatic train supervision, track work equipment and power supply) and communications as well as the supply of 21 fully automated trains (7 of which will be double voltage). Supplementary works are also included, in particular parking and transfer facilities.

    Objectives

    The project will, by extending the metro system to heavily populated areas as well as to the new Athens International Airport, further enhance the benefits accrued to users of public transport and of the road network at large as well as to the environment. It will thus reinforce substantial time savings enjoyed by inhabitants and visitors alike in their transfers to the city centre (estimated at 50%) and observed improvements in the air quality of the metropolis (reductions of 4% in carbon dioxide pollution and 12% in ozone pollution) resulting from the operation of Athens Metro since 2000.

    Comments

    Regional Development and Improvement of the Urban Environment (Transport).

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 850 million.

    Total cost (Approximate amount)

    Estimated at EUR 1850 million.

    Environmental aspects

    The Bank requires of the Promoter to fully comply will all relevant EU legislation in the field of the environment (The project already benefits from the findings of an Environmental Impact Assessment).

    Procurement

    The Bank requires of the Promoter to fully comply with the provisions of the relevant EU procurement legislation.

    Status

    Signed - 18/12/2003

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Greece Transport