Menu Sectors
Project Finance Copying and distributing are prohibited without permission of the publisher


19 November 2008

Last of Greek roads signed

Syndication of the Eu1.613 billion ($2.03 billion) project debt for the last of Greece's Eu7 billion programme of toll road concessions – the Eu2.813 billion Elefsina-Korinthos-Patras-Pyrgos-Tsakona PPP – has signed, ending a process that began in February.

Sponsored by the Olympia Odos consortium – comprising Vinci (36%), Hochtief PPP Solutions (25%), Aktor Concessions (18%), J&P-Avax (18%) and Athena (3%) – the 30-year concession is for 365km of road, of which 82km already exists, 163km is to be built and 120km upgraded. The existing roadways from Elefsina to Korinthos provide a revenue base for the project. The stretch has historical traffic growth of around 7% per year over the last 10 years.

Lead arranged by Alpha Bank, Calyon, Millennium BCP and Natixis, the facility closed around 20% oversubscribed. The loan was launched into a market far more benign than the current one, and most of the...

Latest Deals Database updates

Kuala-Lumpur-Singapore High-Speed Rail PPP Project Update date 22/04/2014
Sector Transport > High-speed rail
Country Asia > Malaysia
Total Debt Loan Amount
Status Financial advisor mandated
Perth Stadium PPP project Update date 22/04/2014
Sector Leisure/Stadia > Stadia
Country Asia Pacific > Australia
Total Debt Loan Amount
Status Preferred bidder
IJmond Sea Lock PPP Update date 22/04/2014
Sector Transport > Port
Country Europe - EU > Netherlands
Total Debt Loan Amount
Status Tender launched
Change font size: Switch to default font size Switch to medium font size Switch to large font size