The ULTRA-FAST BROADBAND grid tender has been completed
The ULTRA-FAST BROADBAND grid tender has been completed

The ULTRA-FAST BROADBAND grid tender has been completed

The temporary contractors for the seven geographical areas have been selected.
RE+D magazine

The tender process for the Public-Private Project Contract entitled "Ultra-Broadband Infrastructure ULTRA-FAST BROADBAND" has been completed.

Temporary contractors for the seven geographical areas (LOTs) of the project, according to the relevant amendment were:

OTE SA: Geographical Zones 1, 3 and 7

TERNA ENERGIAKI SA / GRID TELECOMS SA joint venture: Geographical Zones 2, 4, 5 and 6

After the completion of the tender process, the implementation of the project is expected to begin in 2022. The project is a large-scale public intervention to accelerate the digital transformation of the country's grid, but also to promote cohesion policy, as the project will be implemented mainly in semi-urban and rural areas, which were not included in the private investment plans. It is characteristic that the project will cover, among others, 2,950 remote settlements.

Specifically, through the infrastructure that will be implemented within the project, it is estimated that more than 837,500 households and businesses (over 18% of the country as a whole) will be able to access the internet at ultra-high speed (100 Mbps / 1 Gbps). In addition, 10,300 public buildings (schools, health centers, KEP, etc.) will be connected to the internet at symmetrical speeds of 1 Gbps.

The project will be implemented through a Public-Private Partnership (PPP) and the concession contract will last for 26 years. The project is financed in terms of construction by the NSRF (NSRF 2014-2020 and NSRF 2021-2027) and through equity and loan funds of the contractors, while its operation will be covered by private partnerships. After the end of 26 years, the system will be transferred entirely to the Greek State. The total value of the contracts is around € 884 million, including VAT, with EU funding of € 249 million.