Release date: 20 November 2003
Promoter – Financial Intermediary
EGNATIA ODOS S.A.
Contact: Mrs Papassiopi
Location
Description
The proposed project consists of the design and construction of three sections of the central-eastern Egnatia road axis (TEN project) concerning in total 158km of motorway constructed as a dual carriageway 24,5m wide with 2 traffic lanes per carriageway, including a considerable amount of tunnels, bridges and interchanges. The project shall link major sections of the Egnatia road axis already financed by the Bank.
Objectives
The proposed project, forming part of the ongoing implementation of the Egnatia road axis, will link the sections already operating. The completion of the Egnatia road axis shall provide substantial time-savings and greatly assist private and commercial transport in the area of northern Greece and the Balkans and shall connect Turkey to central Europe through a high standard motorway.
Comments
Regional Development and Infrastructure of European Interest.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 400 m.
Total cost (Approximate amount)
Estimated at EUR 900 m.
Environmental aspects
The Bank requires of the Promoter to fully comply will all relevant EU legislation in the field of the environment.
Procurement
The Bank requires of the Promoter to fully comply with the provisions of the relevant EU procurement legislation.
Status
Signed - 30/01/2004
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).