Winner announced for Egnatia Odos road concession in Greece
The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) has selected the winner for the road privatization in Greece.
The Greek-French consortium of GEK Terna Group and Egis is a preferred bidder for the Egnatia Odos road privatization, which covers nearly 900 kilometers of highways. The consortium will pay US$1.8 billion upfront and will receive an Operation and Maintenance (O&M) contract for 35 years. It covers the 658 kilometers of Egnatia highway and 225 kilometers of three associated routes.
In addition, the team will invest US$494 million in the project during the first five years of the concession. HRADF will receive more than US$1 billion from its 7.5% share of the road's toll revenues.
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