Greece’s relevant transport minister said a new 25-year concession agreement for the Attiki Odos tollway – the arc-shaped ring road running across the breadth of northern Athens – leave mandate a toll of 2.5 euros, down from the current 2.80 euros.
Minister Costas Karamanlis – a cousin of the same-name premier between 2004 and 2009 – said binding offers for the new concession must calculate tolls based on the slightly lower rate.
The current concession contact expires in October 2024.
Attiki Odos (Attica Roadway) was the first privately built and managed tollway in the country, deemed as “revolutionary”, by Greek standards, when built in the 1990s. The total length of the tollway and its off-shoots exceeds 65 kilometers.
The new concession contract is being tendered by the Greek state’s privatization agency, HRADF.
Interested consortia will have to submit binding financial offers within the coming months.
So far, expressions of interest (EOI) have been submitted by multinational Abertis, Italty’s INC SpA (Gruppo Fininc), the consortium Aktor Concessions-Avax -Adrian Infrastructure, the consortium Gek-Terna-First Centier, the consortium Brisa-Auto Estradas de Portugal-Rubicone Bidco, the consortium Egis Projects with the investment funds Bauban και DIF, the consortium Copelouzos Group with Australia-based Macquarie and, finally, the consortium Vinci -Mytilineos -Mobility Partners.
Latest News
Ex-PM Samaras expelled from Ruling ND Party
Government spokesman makes the announcement hours after a portion of Samaras' interview with 'To Vima' were released; former PM called for firing of foreign minister
Samaras to ‘Vima’: Support for Karamanlis as Next President
In the Vima article, Ex-premier and ND leader Antonis Samaras also calls for the resignation of FM Gerapetritis, saying he's shown appeasement vis-a-vis Turkish provocations
Year-Long Restriction on Extra Airbnb-type Properties as of Jan 1
As of Jan. 1, 2025, the state will allow the short-term rental availability of only 3 properties in specific Athens districts - a measure that expires at the end of the year
Turkish FM Fidan Returns to ‘Revisionist Mode’ in TV Appearance
Minister Hakan Fidan cites 'more than one problem' in the Aegean needing resolution; quip aimed at domestic audience comes amid significantly improved relations
Civil Defense Warning For Inclement Weather in Central Greece
Notification issued to residents in the central Greece province of Thessaly, the south-central prefecture of Fthiotida, the large island of Evia and the Sporades Island chain
European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024
By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.
Greek State Budget Primary Surplus at €13.489bln Jan.-Oct. 2024
A significant part of this surplus is attributed to the receipt of €3.2 billion in October from the new concession agreement for the Attiki Odos
Euroxx Securities Raises Price Targets for Greek Banks
Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.
Greece Hits Lowest OECD Ranking in Living Standards, GDP
At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.
EFKA to Launch Digital Personal Portfolio for Insured Citizens by End of 2025
This way, insured individuals can quickly determine their coverage period, any debts, and whether they have valid insurance coverage.