Egnatia Motorway Privatisation in Greece

The concession for the right to operate and maintain the Egnatia Motorway was announced in 2017 by the Hellenic Republic Asset Development Fund (HRADF). A total of 7 bidders were selected in 2018. HRADF is now proceeding with appointing advisors for the detailed tender competition and awards.

Athens, Greece: 10 November 2020

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On 5 October 2016, HRAFD approved the start of the privatisation of the Egnatia Motorway.

The "Egnatia Odos" is a Motorway that crosses Northern Greece, from East to West, starting from the Port of Igoumenitsa, which connects Greece to Italy, and ending at the Greek-Turkish border.

The Egnatia Motorway is a catalyst for investments in Northern Greece in the sectors of transport, manufacturing and tourism. It facilitates trade and travel within Greece, bringing Epirus and Western Macedonia much closer to the metropolitan center of Thessaloniki (the 2nd largest Greek city), the rest of Macedonia, and Thrace.

On a European level, it is also a collector route for the Balkan and South-Eastern European transport system, since Pan-European Corridors IV (Berlin - Sofia - Thessaloniki), IX (Helsinki - Alexandroupolis) and X (Vienna - Belgrade -Thessaloniki) lead to the Egnatia Motorway.

The Egnatia Motorway consists of:

• Fully constructed, operational main axis stretching from the Ionian Sea to the Turkish borders linking all major cities, airports, and commercial ports at Northern Greece;
  

• Three vertical axes leading to Albania, North Macedonia, and Bulgaria;
  

• 18 toll stations, out of which 8 are in operation, as well as 17 motorway service stations out of which 1 is in operation;
  

• Major civil works, representing 7% of the total length of the Motorway.

The Motorway is a backbone of Northern Greece transport system with strategic connections to Igoumenitsa, Thessaloniki, Kavala and Alexandroupoli.

Main axis:

• 660 km and eight operational toll stations

• Dual carriageway with two traffic lanes, emergency lane and a hard shoulder per direction
  

Vertical axis

Statista-leropigi-Krystallopigi

• 72 km: 51 km already in operation/no operational T.S.

• Dual carriageway with two traffic lanes, emergency lane and a hard shoulder per. Direction

Thessaloniki (Axios)-Evzonoi

• 60 km: in operation/no operational T.S.

• Single carriageway with two traffic lanes per direction and no hard shoulder

Thessaloniki-Serres-Promachonas

• 96 km: 85 km already in operation/Promachonas T/S.

• Dual carriageway with two traffic lanes, emergency lane
  

Phase A of the Tender Process (pre-qualification of interested parties) was concluded on 16 May 2018. Seven investment schemes were prequalified to participate in phase B’ of the tender for the Egnatia Odos motorway:

• ANAS International Enterprise S.p.A.

• DIOLKOS S.A

• GEK TERNA S.A. –EGIS PROJECTS S.A.

• FREYJA HOLDINGS SARL

• ROADIS Transportation Holding S.L.U. -AKTOR CONCESSIONS S.A.

• SICHUAN COMMUNICATIONS INVESTMENT GROUP CO., LTD –DAMCO ENERGY S.A.

• VINCI HIGHWAYS S.A.S –VINCI CONCESSIONS S.A.S –MYTILINEOS HOLDINGS S.A.
  

Phase B of the Tender Process (submission of binding offers) commenced in 15 June 2018 with the release of the first draft of the concession agreement to the pre-qualified parties for their comments.

The HRADF currently is conducting an international public tender in two phases for the award of a service concession agreement in relation to financing, operation, maintenance and exploitation of the Egnatia Motorway.

Navigator Consulting offers investment due diligence, business planning, financial modelling and risk analysis for infrastructure, marina, hotel and tourism investments in Greece. We have advised on some of the largest projects related to investments and privatisations in Greece since 1997.

For further information, please contact:

Philip Ammerman

Managing Director

info@navigator-consulting.com

Sources:

Request for proposals to act as Technical Advisor for the Egnatia Motorway Project

Hellenic Republic Asset Development Fund. October 2020

Press Release

Hellenic Republic Asset Development Fund. 16 May 2018

Project Egnatia Motorway

Hellenic Republic Asset Development Fund. 5 October 2016

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