Investor Announced for new concession agreement of Attica Motorway

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The Hellenic Republic Asset Development Fund (HRADF), has declared the Preferred Investor, in relation to the financing, operation, maintenance and exploitation of the Attica Motorway in Greece.

The Attica Motorway is a modern 70 km-long expressway that serves as the encircling road for the greater metropolitan area of Athens and the primary road network for the entire Attica prefecture. It functions as an urban expressway with two separate lanes in each direction, each comprising three travel lanes and an emergency shoulder.

Moreover, the central reservation of the Attica Motorway accommodates the Athens suburban railway. This motorway is a crucial component of the PATHE (Patra - Athens - Thessaloniki - Evzoni) road axis, linking the Athens – Lamia National Road with the Athens – Corinth National Road, bypassing the city center. It offers controlled access points and comprises two sections intersecting at a right angle: the Elefsina – Stavros – Spata A/P motorway, spanning approximately 52 km, and the Imittos Western Peripheral Motorway, covering around 13 km. Additionally, a segment of the Aegaleo Western Peripheral Motorway, extending for about 5 km, is also integrated into the Attica Motorway.

GEK TERNA S.A. has been selected as the Preferred Investor with a financial proposal of EUR3,270,000,000 (US$3,485 million) in the tender process for the services concession agreement. This agreement pertains to the financing, operation, maintenance, and utilization of the Attica Motorway for a duration of 25 years. In addition, the consortium consisting of VINCI HIGHWAYS S.A.S., VINCI CONCESSIONS S.A.S., MYTILINEOS S.A., and MOBILITY PARTNER S.A.S. has been designated as the Substitute Preferred Investor, having submitted a financial offer of EUR3,106,000,000 (US$3,310 million).

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