The big Public Private Partnership concerning the Thessaloniki Flyover is in the second phase of the tender process and without loss of suitors.
The five participants who expressed interest last December will be at the table of the competitive dialogue for the project “Upgrading of the Eastern Internal Regional Thessaloniki through PPP”, with a budget of 462 million euros (including VAT).
The five contenders for the project are:
– AVAX SA
– GEK TERNA SA
– AKTOR CONCESSIONS SA
– INTRACAT
– ASSOCIATION OF PERSONS “MYTILINEOS SA – INTERTOLL EUROPE ZRt
The project to upgrade the Eastern Peripheral Road of Thessaloniki includes the construction of an Elevated Expressway (the so-called Flyover), approximately 9.5 km long, four kms of which on a continuous bridge, with four lanes, two plus an emergency lane in each direction.
In total, the Flyover will include 13 kilometers of roadway, 9 over/under pass junctions, 4 kilometers of continuous Flyover bridge, 8 new bridges and 3 new tunnels.
The New Eastern Peripheral Road of Thessaloniki will be a modern highway, which will provide a solution to the traffic problem of Thessaloniki. It will also make travel faster and safer and easier to access from one end of the city to the other with respect for the environment.
Upon completion, the project will serve 10,000 vehicles per hour per direction.
At the end of the competitive dialogue the participants will submit their bids, both technical and financial. The second phase is placed in early autumn. The duration of the contract amounts to 360 months (30 years) of which the first 4 years concern construction.
The project will be paid with monthly availability installments throughout the contract period, which means that no tolls are provided.
Latest News
Greeks’ Buying Power Second Lowest in the EU
Greeks’ purchasing power is under pressure, ranking 26th among 27 EU member states.
Greek FinMin Says Digital Work Card Tackling Undeclared Work
Greece's recently launched digital work card aimed at tackling undeclared labor has already started to produce results, said Economy and Finance Minister Kostis Hatzidakis
MSC Cruises: More than 400 Visits to Nine Greek Destinations
MSC Cruises, a subsidiary of international shipping line Mediterranean Shipping Company S.A, will be sailing to Greek ports as of this month, expanding operations in the region year-round
Eurostat: Greece Among Cheaper Hourly Labor Cost Zones
In contrast, the countries that posted the highest hourly labor costs are Luxembourg (53.9 euros), Norway (51.9 euros), Iceland
GSEVEE: Economic Sentiment Indicator in Greece Down in Q2 2023
The drop follows a significant uptick in the ESI in the second half of 2022 (69.5 units) and a slight decline in the first half of 2023 (66.7 units)
Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
Greece surpasses this with 45%, showcasing progress but also room for improvement. Sectors like Consumer Goods and Services lead with 69% reporting full equality globally
Bank of America (BofA): Three Reasons Greek Economy Outperforms EC Average
BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively
UniCredit: Greece’s Economy Set to Regain Momentum
This projection is based on the understanding that certain factors that hindered growth in the latter part of the preceding year, such as flood-related agricultural losses, abrupt adjustments in housing investments, and postponed public projects, were temporary setbacks
Council of the EU Adopts Environmental Crime Law
The law aims to improve the investigation and prosecution of environmental crime, to define new types of criminal offenses, and to harmonize penalties to individuals and legal persons
Banks: Changes in Transactions Due to Catholic Easter
In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well