How will be financed the €50M investment plan in ETVA Industrial Parks
How will be financed the €50M investment plan in ETVA Industrial Parks

How will be financed the €50M investment plan in ETVA Industrial Parks

The consent of land owners within the Parks is considered a precondition.
RE+D magazine
06.04.2023

An investment plan of €50 million is "running" for the two years 2024 - 2025 by ETVA VIPE emphasizing innovation and the sustainable development of industrial parks.

A necessary condition for the implementation of this plan is the consent of the land owners within the Parks and the positive evaluation by the GGB for their inclusion in the grant program.


The financing will be done with 25% equity and 25% bank borrowing – with 100% Equity during the execution of the projects, while invoicing to customers will be done gradually over 20 years with a maximum annual charge increase of 20%.


More specifically, projects have been designed in the VI.PE. in Thessaloniki, Serres, Ioannina, Preveza, Drama, Kavala, Komotini, Alexandroupolis, Larissa, Lamia, Karditsa, Patras, Meligala and Heraklion, which will promote the existing aging infrastructures and contribute to their digital development, contributing to the overall saving of resources and in improving their environmental footprint.


According to the company, the projects in question are estimated to add further value to the properties, while in the long run they will benefit in the uninterrupted continuation of their operation and in terms of their operating costs, thanks to the energy savings entailed by the changes that will take place in the infrastructures.


The actions


In more detail, the actions include road improvement projects in 12 BI.PE. (€7.9 million), liquid waste treatment in 6 BI.PE. (€7.2 million), water supply projects in 13 BI.PE. (€14.4 million) and digital development in 6 BI.PE. (€3.7 million). Also, infrastructures of 1,000 acres will be developed in VI.PE. of Larissa, Kavala and Alexandroupolis.


In addition, at the same time as this investment, ETVA VI.PE. S.A. plans to harmonize the operating regulations with the new institutional framework, following transparent consultation and voting procedures, so that the industrial parks are hotbeds of investment attraction and accommodate entrepreneurship in modern terms.