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Signature(s)

Amount
€ 850,000,000
Countries
Sector(s)
Greece : € 850,000,000
Transport : € 850,000,000
Signature date(s)
18/10/2006 : € 100,000,000
17/06/2010 : € 150,000,000
18/12/2003 : € 300,000,000
2/10/2008 : € 300,000,000
Link to source
Data sheet

Summary sheet

Release date
13 June 2003
Status
Reference
Signed | 18/12/2003
20030175
Project name
Promoter - financial intermediary
Athens Metro B – Extension of metro system

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

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 850 million.
Estimated at EUR 1850 million.
Location
Sector(s)
Description
Objectives

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.

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.

Environmental aspects
Procurement

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).

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

Comments

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

Link to source

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).

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