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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Greece : € 200,000,000
    Trasporti : € 200,000,000
    Signature date(s)
    19/05/2008 : € 200,000,000

    Summary sheet

    Release date
    10 December 2007
    Status
    Reference
    Signed | 19/05/2008
    20070091
    Project name
    Promoter - financial intermediary
    Elefsina-Korinthos-Patras-Pyrgos-Tsakona Motorway PPP (TEN)
    The Greek State through the Ministry of Environment, Physical Planning and Public Works (MEPPPW).
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million.
    EUR 2.800 million.
    Location
    Sector(s)
    Description
    Objectives

    The entire concession project is a TEN, with  the section between Elefsina and Patras (184 km)  being  a priority TEN (section of PATHE Motorway) and the remaining 182 km being part of the Trans-European Road Network (TEN-T ) in Greece.

    The project will improve road access to/from western and northern Peloponnese from/to Athens Metropolitan area and the northern regions of Greece. The proposed motorway sections will improve traffic conditions and reduce travel times, road accidents and vehicle-operating costs.

    Environmental aspects
    Procurement

    The project may fall under the Strategic Environmental Assessment (SEA) Directive (EU Directive 2001/42).  The environmental aspects of the project will be reviewed during appraisal.

    The project is being procured as a PPP in conformity with the relevant EU Directives.  Procurement was advertised in the Official Journal (S12-008206/18.01.2001; 2001/S54-037211/17.03.2001 and 2001/S91-062118/12.05.2001) and following a pre-qualification process four consortia were invited to bid by Ministerial Decision dated 16.06.2006.  Two consortia, Apion Kleos and Hellenic Autopistas submitted binding offers on 18.12.2006.   Apion Kleos was announced preferred bidder on 24.04.2007.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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