Infrastructure and Transport Minister Kostas Karamanlis referred to the Corfu water supply system, stressing that the government is providing a solution to a decades-long pending issue, using money from the Recovery and Resilience Fund.
The Minister of Infrastructure and Transport clarified that Public Private Partnership (PPP) projects do not mean privatization. He explained that the private entity undertakes for 25, 27 or 30 years (whatever the State chooses) the maintenance and operation of the network, which then returns to the control of the State.
“Green light” for the 181 million project that will solve the water problem in Corfu
“Therefore, the private individual is exclusively a body for the construction, maintenance and operation of the infrastructure projects. This means that the project is characterized as non-remunerative for the private individual, since he will not have the right to commercial exploitation of the project”, said Mr. Karamanlis.
“We should not be under the impression that the private sector will come and increase the price of water again. This is unbelievable populism. Nor is the individual entitled to claim any annuity from the end users,” he added.
Managed by a public entity
The Minister also clarified that water management in the case of Corfu will be undertaken by a public entity. As well as that the compensation to which the private individual is entitled consists exclusively of the availability payments, which the Ministry of Infrastructure and Transport will pay to him as the Contracting Authority.
“You are a party that moves in the realm of fantasy. You don’t have the political courage to say kudos that this problem is being addressed with RRF money. Do you know who gives this money? The European taxpayers, these Europeans that your leader, as Minister of Finance of SYRIZA, was watching at the Eurogroup and you are talking about diversion”, stressed Mr. Karamanlis, responding to MeRA25 MP, Mr. Arsenis.
The Minister of Infrastructure and Transport repeated to the questioning member of parliament: “We are doing these projects with money coming from the European Union, from which your leader as Minister of Finance almost succeeded in expelling us. With this money we do important projects and we have no ideologies about PPP projects.”
Finally, he emphasized that: “PPP does not mean privatization. We will get 100% of the money from the Recovery Fund, which means zero participation from national resources. The private person must construct the project within a reasonable period of time and will begin to be paid after the end of the project.”
Latest News
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year