Greece approves Nafplio marina PPP

On November 6th, the Greek Inter Ministerial Committee for Public - Private Partnerships approved the project for the design, financing, construction, operation, facility management and exploitation of the Tourist Port (Marina) Nafplio. Read more

7 candidates expressed interest for Easter Macedonia waste PPP project

Seven candidates have submitted Expressions of Interest (EOI) for the implementation of waste management facilities in the region of Eastern Macedonia - Thrace through a PPP. Read more

Binding offers submitted for the waste management PPP project in Serres

Three teams submitted binding offers last week, on Wednesday, December 11th, 2013, for the selection of a private partner for the project "Implementation of the Waste Treatment Unit in Serres via a PPP". Read more

Greece to select technical advisors for rolling stock privatization

The Hellenic Republic Asset Development Fund (HRADF) has launched an international tender process for the appointment of a Technical (Rail) Advisor to act as its advisor for the submission of a Technical and Financial Due Diligence Report for the rolling stock leased/operated by TRAINOSE. Read more

EU approves 3 billion to finance four greek motorways concessions in trouble

The European Union (EU) will provide financial support worth €2.97 billion (US$4.06 billion) to allow the building of four motorways in Greece. It was approved on December 16th by the European Commissioner for Regional Policy Johannes Hahn.The concessioners, Greek construction companies and European companies from several EU member states, have recently signed the recasting of the project. Financing sources, besides the Greek state, include the European Investment Bank (EIB) and about 40 Greek and international banks.The four projects included in the funding are the following: The Ionian motorway concession relates to the construction of the 196 km along with the works to upgrade existing sections of the PATHE motorway. The motorway will pass through four Greek regions: Ipiros, Dytiki Ellada, Sterea Ellada and Attiki. The European Regional Development Fund will finance €723.6 million (US$989.2 million). The completion of the Maliakos-Kleidi concession passing through the regions of Thessalia and Kentriki Makedonia, is about the construction of the Evangelismos - Skotina (24,71 km) stretch, along with works to upgrade existing sections (204,70 km) of the PATHE motorway. The Cohesion Fund will finance €699 million (US$955.5 million). The completion of the Elefsina - Korinthos - Patra motorway concession refers to the construction of the Korinthos - Patra (120 km) section, including the upgrade of existing sections (81,5 km) of the PATHE motorway.The European Regional Development Fund will finance €977 million (US$1335.6 million). The completion of the Central Greece motorway concession for the E-65 motorway, relates to the construction of the 78.5 km long section 'Xyniada-Trikala' and the installation of toll stations and a communication system on the Skarfeia - Raches stretch (57 km) of the PATHE motorway. The Cohesion Fund will finance €570 million (US$779.2 million)The economic crisis caused serious problems in funding for four out of five motorway concessions. The sudden drop in traffic and the expected toll income as well as withdrawal of support from a part of the banking sector, effectively stopped the projects due to lack of funds. Read more