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    Signature(s)

    Amount
    € 280,404,133
    Countries
    Sector(s)
    Greece : € 280,404,133
    Transport : € 280,404,133
    Signature date(s)
    24/03/2017 : € 130,404,133
    24/03/2017 : € 150,000,000

    Summary sheet

    Release date
    28 July 2014
    Status
    Reference
    Signed | 24/03/2017
    20140095
    Project name
    Promoter - financial intermediary
    GREEK REGIONAL AIRPORTS PPP
    HELLENIC REPUBLIC and HELLENIC REPUBLIC ASSET DEVELOPMENT FUND SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Not disclosed.
    Not disclosed.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the financing, design and construction of the expansion or refurbishment of a number of airports in Greece that are to be privatised by the Greek Government under the terms of a 40 year upgrade, maintenance, management and operation concession agreement.

    The works represent the imminent capital expenditure requirements which are anticipated to address existing capacity shortfalls and current service level deficiencies at a number of Greek airports. The upgrading of the regional airports is expected to enhance Greece's profile as a tourist destination, thus significantly contributing to the country's growth potential.

    Environmental aspects
    Procurement

    The Promoter’s technical advisers have identified several elements of anticipated Imminent Works, such as expansions to existing passenger terminals or the construction of new ones, which would normally be classified under Annex II of the EU EIA Directive 2009 2011/92/EC, meaning that the Competent Authority makes the decision as to whether a formal EIA is required or not. This, the status of any pre-existing environmental permits and whether the project falls under the requirements of the EU SEA Directive 2001/42/EC will be reviewed and assessed during project appraisal.

    The Promotor has classified the concession as a service concession. Its award therefore falls outside the current scope of the EU procurement regime. The Bank will require the Grantor to ensure that the procurement of the concession complies with the relevant principles of the EU Treaty and applicable national legislation. The downstream concessionaire will be a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it will not be covered by the EU directives on procurement.

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - GREEK REGIONAL AIRPORTS PPP
    Publication Date
    12 Dec 2014
    Document language
    Main Topic
    Lending
    Document Number
    56481146
    Document Focus
    Environmental Information
    Project Number
    20140095
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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