Release date: 22 October 2004
Promoter – Financial Intermediary
EGNATIA ODOS S.A.
Contact: Mrs Papassiopi
The proposed project consists of the design and construction of the final section of the Egnatia road axis (TEN) concerning in total 36km of motorway constructed as a dual carriageway, 22m wide, including a considerable number of tunnels, bridges and interchanges. The project will link the other sections of the Egnatia road axis already financed by the Bank.
The proposed project, forming part of the ongoing implementation of the Egnatia road axis, is in technical terms one of the most critical parts of the road axis. The completion of the Egnatia road axis will allow substantial travel time-savings and greatly assist private and commercial transport in the area of northern Greece and the Balkans. It will also connect Turkey to central Europe through a high standard motorway.
Regional Development and Infrastructure of European Interest.
Proposed EIB finance (Approximate amount)
Up to EUR 350m.
Total cost (Approximate amount)
Up to EUR 700 m.
The project is subject to an Environmental Impact Assessment (EIA) in accordance with national legislation (the project falls under Annex I of EU Directive 97/11). An EIA study has been already approved and the Joint Ministerial Decision approving the environmental terms has been issued.
The project will be implemented under a number of separate works, supply and services contracts, which will be procured in line with the requirements of the relevant EU Procurement Directive. Details will be verified during appraisal.
Signed - 21/12/2005
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).