The Hellenic Republic Asset Development Fund (HRADF), has signed the concession agreement with NEA ATTIKI ODOS S.A. and GEK TERNA S.A., for the financing, operation, maintenance and exploitation of Attica Motorway for 25 years.

With the completion of the tender and the signing of the Concession Agreement, the handover of the motorway to the new concessionaire is on track. As part of the agreement, the Concessionaire, in addition to the one-off fee of EUR 3.27 billion (US$ 3.6 billion), will annually pay to the Greek State 7.5% of all gross revenues from the operation of the motorway, while additional upgrading and modernization investments and expenditures amounting to EUR 380 million (US$ 422.7 million) for the entire duration of the concession are foreseen. The new concession agreement provides for the reduction of the toll rates for category 2 vehicles to 2.50 euros per pass from the present toll of 2.80 euros.  

Attica Motorway is a modern motorway with a total length of 70 km, constructed with a concession agreement during the 1990s. It constitutes the ring road of the greater Athens metropolitan area and the backbone of the road network of the whole Attica region. The urban motorway has two separate directional carriageways, each consisting of 3 lanes and an emergency lane (hard shoulder). In addition, the suburban railway of Athens has been constructed and operates in the median strip of Attica Motorway.