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Signature(s)

Amount
€ 152,132,742.81
Countries
Sector(s)
Greece : € 152,132,742.81
Transport : € 152,132,742.81
Signature date(s)
31/10/2006 : € 152,132,742.81
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Summary sheet

Release date
20 June 2005
Status
Reference
Signed | 31/10/2006
20040073
Project name
Promoter - financial intermediary
Thessaloniki Submerged Tunnel PPP
The Greek State, represented by the Ministry of Environment, Physical Planning and Public Works.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
To be determined.
Not yet available.
Location
Sector(s)
Description
Objectives

The project involves the design and construction of a new 2x3-lane urban expressway along the sea front of Thessaloniki to provide east-west traffic with an alternative to passing through the city streets. Approximately 6km of new road will be constructed of which 4.5km are in tunnel and 1.24 km are immersed in the bed of the harbour.

The proposed project has been a key element of Thessaloniki's Urban Master Plan since 1987. It is furthermore an integral part of the city's multi-modal transport strategy (including Thessaloniki Metro) which aims to comprehensively deal with congestion at the historic city-centre while at the same time linking the South East metropolitan area (which is heavily populated) with the North West area in which most economic activity takes place.

Environmental aspects
Procurement

The project falls under Annex I of directive 97/11/EC and an an Environmental Impact Assessment has been carried out in accordance with applicable legislation.

The procurement was advertised in the Official Journal (S-127-099146 dated 3 July 2002). The concession contracts will be awarded in compliance with the relevant EU Directives on procurement.

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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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