VINCI ranked first after bids opened for the biggest motorway concession in Greece

5 February 2007 - New contracts - Greece

After opening the bids, the Greek government has announced that the Apion Kleos consortium, led by VINCI, is ranked first for the Athens–Corinth–Patras–Pyrgos–Tsakona motorway concession.

The consortium is made up of VINCI (leader with 36%) through its subsidiaries, VINCI Concessions and VINCI Construction Grands Projets, together with Hochtief of Germany and Greek companies, Elliniki Technodomiki - Aktor, J&P-Avax and Athena.

The project calls for the financing, design, construction and operation of 365 km of motorway, which will link Athens to Tsakona in south-west Peloponnese. It will transit via Corinth and the Rion–Antirion bridge, of which VINCI is concessionaire.

The project includes taking over operation of the existing motorway between Athens and Corinth (64 km) and the Patras ring road (18 km), as well as upgrading the Corinth–Patras section to motorway status (120 km of national highway, with about 17 km of tunnel to bore). In addition, the contract covers the construction of almost 163 km of new sections between Patras and Tsakona.

The work, worth a total of about €2.1 billion, will take six years to complete. The concession will run for 30 years from the date of contract signature.

This project will make a significant increase to motorists’ comfort and road safety on this very busy road (almost 65,000 vehicles a day leaving Athens and over 20,000 between Corinth and Patras). The concessionaire will start operating the existing sections as soon as the contract goes into force.

This contract is a new success for VINCI in Greece, where it operates the bridge between Rion and Antirion, and is a member of the consortium that recently won the contract to build the Maliakos–Kleidi motorway.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.