Release date: 19 July 2006
Promoter – Financial Intermediary
The Greek State, represented by the Ministry of Environment, Physical Planning and Public Works (Ministry).Location
Description
The proposed project consists of the construction of approximately 100 km of new 2x2 lane motorway sections linking Tripoli to Kalamata and a section from Lefktro to Sparti in the Peloponnese region under a DBFO scheme. It also includes the existing motorway section from Korinthos to Tripoli as well as additional new sections built by the Greek State. The 205 km motorway, from Korinthos to Kalamata (159 km) and from Lefktro to Sparti (46 km), will be operated and maintained under a 30-year concession. All sections are located on the Trans-European Road Network (TEN-T) in Greece.
Objectives
The project will deliver a high quality route offering an improved service for users capable of accommodating significantly increased traffic volumes leading to reductions in travel times, road accidents and vehicle-operating costs. The upgraded road network connecting the remote and less developed areas of southern Peloponnese with the Athens Metropolitan area and the rest of the country is expected to further develop economic opportunities in the wider region whilst significantly increasing the level of safety along the existing routes and contributing to the improvement of the environmental conditions within local communities and the region, in general.
Sector(s)
Proposed EIB finance (Approximate amount)
Approx. EUR 200 million.
Total cost (Approximate amount)
Estimated at approx. EUR 1,100 million.
Environmental aspects
The project is subject to an Environmental Impact Assessment (EIA) in accordance with national legislation (the project falls under Annex I of the EU Directive 97/11/EC). The project might as well fall under the Strategic Environmental Assessment Directive. The environmental aspects of the project will be further investigated, if and where necessary.
Procurement
In May 2006, following an international tender, the Greek State selected a preferred bidder and there has been no complaint lodged against the procurement procedure. Further tender notices, if any, comprising contracts for the implementation of the project are or will be published according to the relevant applicable EU procurement legislation. The procurement process and current status will be further reviewed during appraisal (if and where necessary).
Status
Signed - 31/01/2007
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).