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.