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    Reference: 20120192
    Release date: 16 October 2012

    Promoter – Financial Intermediary

    The Greek State as the grantor of the four concessions



    The project consists of priority sections of the Greek Motorway Network (TEN-T), within the investment programme of four concessions to be restructured.


    The project will support the Greek PPP motorway programme currently under restructuring by covering eligible items of the public expenditure related to the programme. The exact scope of the project will be defined at appraisal.


    Proposed EIB finance (Approximate amount)

    EUR 650 million

    Total cost (Approximate amount)

    EUR 2000 million

    Environmental aspects

    The sections of the project are subject to Annex I of EU Directive 2011/92/EU and Environmental Impact Assessment have been undertaken for all section to be newly constructed and Common Ministerial Decisions (CMD) have been issued. Compliance of the project with the SEA Directive, the EIA Directive, Habitats Directive (92/43/EEC) and Birds Directive (79/409/EEC) will be examined at appraisal.


    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC or 2004/17/EEC and Dir 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.


    Signed - 11/11/2013


    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).

    Related tags

    Greece Transport