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€1.4 billion deal for west coat highway Signed €1.4 billion deal for west coat highway Signed
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Old 20th December 2006, 00:41   #1
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Default €1.4 billion deal for west coat highway Signed
Quote:
Greece signs €1.4 billion deal for west coat highway

The Associated Press
Published: December 19, 2006

ATHENS, Greece: The government on Tuesday said it had signed a €1.4 billion ($1.8 billion) agreement with a consortium of Greek and Spanish contractors to build a 382-kilometer (237-mile) highway along the country's western coast.

"The contract for the Ionian Road was signed today. It will be ratified in January by parliament and construction will begin in May," Environment and Public Works Minister Giorgios Souflias said.

The deal was signed after the consortium comprising Greek construction firms GEK Group of Companies SA and Terna SA, together with Spain's Cintra SA and Actividades de Construccion y Servicios SA was named as preferred bidders.

It will build and operate the road, receiving toll fees for 30 years, investing a combined €1.15 billion ($1.51 billion) in the project. The remaining funds will be provided by the European Union and the Greek government.

The highway will connect the new Rio-Antirrio bridge to the northwestern city of Ioannina, linking with the Egnatia motorway that will span northern Greece as far as the border with Turkey.

The Ionian project is expected to be completed within 72 months, after starting, Souflias said.
http://www.iht.com/articles/ap/2006/...rn_Highway.php
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Old 20th December 2006, 10:50   #2
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Great project

Here's the map:

http://www.minenv.gr/download/2006-1...ionia.odos.pdf
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Old 20th December 2006, 11:12   #3
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That is a great map, thank you skylinearth.

This is a long awaited project, still I would like to see this road extending to Albania.
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Old 21st December 2006, 20:00   #4
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That's great news and a great map there skylinearth!
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Old 28th December 2006, 14:17   #5
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I'm impressed by the gov't investments in Greece
A good Infrastructure leads to a strong economy
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