GEK Terna group on Friday deposited a 3.27 -billion-euro lump sum payment as the preferred investor in a recent international tender for the 25-year concession of the Attiki Odos tollway in the greater Athens-Piraeus area.
The tender was managed by the Hellenic Republic Asset Development Fund (HRADF), Greece semi-independent privatization agency. The 3.27 billion euros for the 25-year concession is the largest such consideration ever received by HRADF.
The concession agreement had been ratified by a majority of deputies in Parliament a day earlier, and will come into effect on Sunday, Oct. 6, 2024.
The 3.27 billion euros paid by ATHEX-listed GEK Terna, one of the biggest construction, energy and concession conglomerates in SE Europe, is forecast to reduce Greece’s public debt by 1.5% of GDP.
Besides the lump sum payment, the concessionaire is obliged to convey 9.3% of all gross revenue to state coffers, a figure that’s higher than the 7.5% foreseen in the original contract with the company that built and later exploited the now 70-kilometer in length tollway and branches.
The main stretch of the tollway extends arc-like from the Elefsina district in the west to the Athens Interntional Airport in the east and passing through several heavily populated areas of the greater Athens area.
The new contract will also see tolls dropping from 2.80 euros to 2.50 euros passenger vehicles.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Kasselakis Reveals Name of New Party: ‘Movement for Democracy’
Arriving at the venue, Kasselakis greeted his supporters warmly, saying, “You became the movement, and today we become a party.”
PM Mitsotakis on TikTok on ‘Gigabit Voucher’ Program
The "Gigabit Voucher" program will provide an array of benefits for households and small businesses, as Mitsotakis pointed out in his video post.
Presidential Decree Downgrading Art School Degrees in Question
The Council of State has challenged a presidential decree downgrading art school degrees, citing constitutional violations
Stormy Winds and Thunderstorms, as Cold Snap Hits Greece
Special units from the electricity distribution network HEDNO are working to restore damage caused to electric poles after trees fell on them due to the strong gusts in Preveza.
Fitch Ratings Maintains Greece at BBB-; Retains Stable Outlook
Fitch Ratings: Greece's ratings are supported by income per capita levels above and governance indicators in line with the 'BBB' median
Global Citrus Production Declines – Greece’s Outlook
In Greece, specifically, orange prices increased by 30.18% this Sept.
NATO Secretary General Rutte to visit Greece
Former Dutch PM Mark Rutte, the Alliance's new chief will first visit Ankara a day earlier to meet with Turkish leadership
PM Mitsotakis from Naxos: Decarbonization Fund to Facilitate Islands’ Green Transition
“The resources will help connect the islands to the mainland's electricity grid," he noted.
Retail Sales in Greece Up 0.8% in Q4 2024: ELSTAT
Retail businesses in the food and fuel sectors posted a turnover of €6.82 billion in Q3 2024, a 1.2% increase compared to €6.73 billion in Q3 2023
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
![Αεροδρόμια: Άνοδος 8,9% στην επιβατική κίνηση στο δεκάμηνο [πίνακες]](https://www.ot.gr/wp-content/uploads/2021/06/aerodro-90x90.jpg)
![Οικοδομικά υλικά: Αύξηση 5,5% τον Οκτώβριο – Ποιες κατηγορίες είχαν διψήφια αύξηση [πίνακς]](https://www.ot.gr/wp-content/uploads/2023/04/ERGATES-KATASKEVES-90x90.jpg)
![Οικοδομικά υλικά: Αύξηση 5,5% τον Οκτώβριο – Ποιες κατηγορίες είχαν διψήφια αύξηση [πίνακς]](https://www.ot.gr/wp-content/uploads/2023/04/ERGATES-KATASKEVES-600x362.jpg)
