The concession agreement was inked for exploitation Attica Motorway

The signing ceremony was attended, among others, by the Minister of Economy and Finance, Kostis Hatzidakis, the Minister of Infrastructure and Transport, Christos Staikouras, the Deputy Minister of Infrastructure and Transport, Nikos Tachiaos, the CEO of HRADF, Dimitris Politis, the CEO of GROWTHFUND – The National Fund of Greece, Grigoris D. Dimitriadis, the President and CEO of GEK TERNA Group S.A., Georgios Peristeris and the Chairman of NEA ATTIKI ODOS S.A., Emmanuel Moustakas.

With the completion of the tender and the signing of the Concession Agreement, the handover of the motorway to the new concessionaire is on track. As part of the agreement, the Concessionaire, in addition to the one-off fee of 3,27 billion euros, will annually pay to the Greek State 7.5% of all gross revenues from the operation of the motorway, while additional upgrading and modernization investments and expenditures amounting to 380 million euros for the entire duration of the concession are foreseen. The new concession agreement provides for the reduction of the toll rates for category 2 vehicles to 2.50 euros per pass from the present toll of 2.80 euros.  

Attica Motorway is a modern motorway with a total length of 70 km, constructed with a concession agreement during the 1990s. It constitutes the ring road of the greater Athens metropolitan area and the backbone of the road network of the whole Attica region. The urban motorway has two separate directional carriageways, each consisting of 3 lanes and an emergency lane (hard shoulder). In addition, the suburban railway of Athens has been constructed and operates in the median strip of Attica Motorway.