Release date: 10 December 2007
Promoter – Financial Intermediary
The Greek State through the Ministry of Environment, Physical Planning and Public Works (MEPPPW).Location
Description
The entire concession project is a TEN, with the section between Elefsina and Patras (184 km) being a priority TEN (section of PATHE Motorway) and the remaining 182 km being part of the Trans-European Road Network (TEN-T ) in Greece.
Objectives
The project will improve road access to/from western and northern Peloponnese from/to Athens Metropolitan area and the northern regions of Greece. The proposed motorway sections will improve traffic conditions and reduce travel times, road accidents and vehicle-operating costs.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
EUR 2.800 million.
Environmental aspects
The project may fall under the Strategic Environmental Assessment (SEA) Directive (EU Directive 2001/42). The environmental aspects of the project will be reviewed during appraisal.
Procurement
The project is being procured as a PPP in conformity with the relevant EU Directives. Procurement was advertised in the Official Journal (S12-008206/18.01.2001; 2001/S54-037211/17.03.2001 and 2001/S91-062118/12.05.2001) and following a pre-qualification process four consortia were invited to bid by Ministerial Decision dated 16.06.2006. Two consortia, Apion Kleos and Hellenic Autopistas submitted binding offers on 18.12.2006. Apion Kleos was announced preferred bidder on 24.04.2007.
Status
Signed - 19/05/2008
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).