
The big Public Private Partnership concerning the Thessaloniki Flyover is in the second phase of the tender process and without loss of suitors.
The five participants who expressed interest last December will be at the table of the competitive dialogue for the project “Upgrading of the Eastern Internal Regional Thessaloniki through PPP”, with a budget of 462 million euros (including VAT).
The five contenders for the project are:
– AVAX SA
– GEK TERNA SA
– AKTOR CONCESSIONS SA
– INTRACAT
– ASSOCIATION OF PERSONS “MYTILINEOS SA – INTERTOLL EUROPE ZRt
The project to upgrade the Eastern Peripheral Road of Thessaloniki includes the construction of an Elevated Expressway (the so-called Flyover), approximately 9.5 km long, four kms of which on a continuous bridge, with four lanes, two plus an emergency lane in each direction.
In total, the Flyover will include 13 kilometers of roadway, 9 over/under pass junctions, 4 kilometers of continuous Flyover bridge, 8 new bridges and 3 new tunnels.
The New Eastern Peripheral Road of Thessaloniki will be a modern highway, which will provide a solution to the traffic problem of Thessaloniki. It will also make travel faster and safer and easier to access from one end of the city to the other with respect for the environment.
Upon completion, the project will serve 10,000 vehicles per hour per direction.
At the end of the competitive dialogue the participants will submit their bids, both technical and financial. The second phase is placed in early autumn. The duration of the contract amounts to 360 months (30 years) of which the first 4 years concern construction.
The project will be paid with monthly availability installments throughout the contract period, which means that no tolls are provided.


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)