The Hellenic Republic Asset Development Fund (HRADF), Greece, has approved with its decision of October 5th, 2016 the commencement of the process for the privatization of Egnatia Motorway PPP project that shall lead to the launch of an international tender procedure for the award of a concession agreement for the operation, maintenance and commercial exploitation of the Egnatia Motorway.

In this context, it has been decided that an invitation to participate in a public consultation shall be published, through which interested investors shall have the opportunity to express their initial non-binding interest in the project and submit any comments / views on the relevant transaction and tender structure until 12.20.2016. Upon conclusion of the consultation process, the HRADF shall proceed without undue delay in the beginning of 2017 with the publication of the tender documents.

Egnatia Motorway, in northern Greece, is fully constructed and extends from the western port of Igoumenitsa to the eastern Greek-Turkish border at Kipoi. It runs a total of 670 km in length. 

The concession contract also includes three vertical axes connecting it to neighbor countries. Egnatia is Greece's main axis in the north linking all major cities, airports, and commercial ports. 

HRADF’s goal is to maximize investors’ interest in the project, while optimizing and expediting the tender procedure for the award of the relevant concession agreement, with due consideration of the public interest.

In accordance with the approved time schedule, binding offers shall be submitted in November 2017, while the tender procedure is expected to be concluded by the end of the same year.

ALPHA BANK has been appointed as HRADF’s financial advisor for the project, Zemberis, Markezinis, Lambrou & Associates Law Firm as legal advisor and AVARIS Transport Engineers and NOVUS Consulting Engineers S.A. as technical advisors.