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    Signature(s)

    Amount
    € 850,000,000
    Countries
    Sector(s)
    Greece : € 850,000,000
    Transport : € 850,000,000
    Signature date(s)
    27/12/2017 : € 200,000,000
    20/10/2005 : € 200,000,000
    2/10/2008 : € 200,000,000
    14/07/2009 : € 250,000,000
    Link to source

    Summary sheet

    Release date
    6 June 2005
    Status
    Reference
    Signed | 20/10/2005
    20040705
    Project name
    Promoter - financial intermediary
    Thessaloniki Metro Project

    ATTIKO METRO S.A.
    Contact: Mr T. Karavas (CFO)

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 550 million.
    Estimated at approx. EUR 1,100 million.
    Location
    Sector(s)
    Description
    Objectives

    The proposed Project consists of the design, construction and commissioning of the Thessaloniki Metro system comprising 9.5km of underground track, 13 stations and 1 depot, including repair and maintenance services. It also includes the required electromechanical systems, as well as the supply of rolling stock. Supplementary works may also be included in the project definition, in particular parking and transfer facilities. The underground line will stretch from the Thessaloniki Railway Station in the west entrance of the city to its south-eastern part.

    This Project is among the main priorities of the Greek Government and a long due commitment to Thessaloniki, the second largest city of the country and a major business centre for the southern Balkans, which has been deprived from public transport of adequate standards. It is expected that the Project will offer inhabitants and visitors alike substantial timesavings in their transfers to and from the city centre while the reduction in the use of private car/taxi alternatives shall contribute to the improvement in the air quality of the city. By implementing the metro system in the centre of the city, where the heavily populated and business areas are located, the Project is expected to further enhance the benefits accrued to users of public transport and of the road network at large as well as to the environment.

    Environmental aspects
    Procurement

    The Bank requires the Promoter to fully comply with all relevant EU legislation in the field of the environment (The Promoter has undertaken environmental studies and the respective approvals are awaited).

    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.

    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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