9 groups express interest in privatization of Greece's largest national motorway

Source: Xinhua| 2018-02-17 04:01:09|Editor: yan
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ATHENS, Feb. 16 (Xinhua) -- Greece's privatization agency (HRADF) said on Friday that it received nine expressions of interest by investment groups for granting the right to operate and commercially exploit Egnatia Odos, the country's largest national motorway.

Egnatia Motorway in northern Greece is fully constructed and extends from the western port of Igoumenitsa to the eastern Greek-Turkish border at Kipoi. It runs a total of 670 km in length.

The concession contract on Egnatia Motorway also includes three vertical axes connecting it to neighbor countries. Egnatia is Greece's main axis in the north linking all major cities, airports, and commercial ports.

According to HRADF, among the groups which submitted expressions of interest was also Chinese Sichuan Communications Investment Group in cooperation with Greece's Damco Energy S.A.

The tender on Egnatia Odos was launched as part of Greece's privatization program which started eight years ago when the country resorted to bailout agreements with international lenders to address the debt crisis.

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