NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: VINCI
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

VINCI Concessions and its Partners Sign A Contract Extending the Athens Corinth Patras Motorway Concession with the Greek Authorities - Olympia Odos has signed a contract with the Greek authorities to extend the concession - OlympiaOdos.gr / VINCI-Concessions.com
VINCI Concessions and its Partners Sign A Contract Extending the Athens Corinth Patras Motorway Concession with the Greek Authorities

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2022/03/21 - Olympia Odos has signed a contract with the Greek authorities to extend the concession - OlympiaOdos.gr / VINCI-Concessions.com. CAC 40; Euronext 100

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Design, financing, construction and operation of a new 75 km section between Patras and Pyrgos integrated into the existing Olympia Odos concession;
• Investment of €331 million;
• Improved mobility for greater road safety and economic development in the Peloponnese.

Olympia Odos, a subsidiary 29.9%-owned by VINCI Concessions and concession holder for the motorway connecting Athens to Corinth and Patras that went into service in 2017, has signed a contract with the Greek authorities to extend the concession. A new a 75 km section of the motorway will reach the city of Pyrgos in the west of the Peloponnese peninsula. VINCI Concessions and its partners1 will be responsible for the design, financing and construction of this new section, which it will then operate until 2044. The concession company will be remunerated in the form of the tolls charged.

The financing of the project, which represents an investment of €331 million, will include a €217 million contribution from the Greek state, with the remainder financed by an almost 15 year bank loan. Meanwhile, Olympia Odos has successfully refinanced its existing bank loans amounting to €495 million.

This new section, operated to the highest motorway standards, will reduce travel time between Patras and Pyrgos by around 40 minutes while improving road safety. It will support economic and tourist development of the Peloponnese by improving connections with ports and facilitating access to the historical site of Ancient Olympia. The project is part of the Trans-European Transport Network, a European Union programme that aims to facilitate connections and the interoperability of transport infrastructure in Europe.

This new stretch of motorway will bring the network operated by VINCI Concessions in Greece up to 544 km. That network includes the Rion-Antirion bridge which, by linking the Peloponnese to the mainland, will facilitate access from northern Greece to the new section between Patras and Pyrgos.

Nicolas Notebaert, CEO of VINCI Concessions, said,“the new motorway section between Patras and Pyrgos illustrates the solid and lasting relationship between VINCI Concessions and the Greek authorities. The Olympia Odos motorway, which we brought into service five years ago, has been effective in supporting the country’s economic development and improving road safety. Today we are proud to be renewing our partnership with the Greek state to make this project yet another success.”

1. Hochtief PPP Solutions GmbH, Avax S.A., Aktor Concessions and Gek Terna

About VINCI

VINCI (vinci.com) is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 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.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: VINCI

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction / Architecture / Infra articles,
CATCH Visitors via Your Competitors Announcements!


VINCI Concessions and its Partners Sign A Contract Extending the Athens Corinth Patras Motorway Concession with the Greek Authorities

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Stéphanie Malek - VINCI.com 
+33(0)1 57 98 66 28 media.relations[.]vinci.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

Construction / Architecture / Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From VINCI / Company Profile


Read Construction / Architecture / Infra Most Recent Related Newswires:

WALLIX Recognized for Providing Superior Privileged Access Management Technologies to its Customers
VINCI Wins the Contract to Implement and Maintain the Electromechanical Infrastructure of the Femern Tunnel
Frost & Sullivan Lauds Everbridge for its Innovative Leadership and Growth in the Command and Control Software Industry
Flatiron Wins 7 Million EBMUD Orinda Water Treatment Project
PCL Receives CCA Environmental Achievement Award
CIMIC's UGL Awarded 5m Utilities Contract with Snowy Hydro
VINCI Awarded Contract for the Takitimu North Link Road in South-east Auckland, New Zealand
CIMIC's CPB Selected for WHT Tunnelling Works
PCL Construction Signs Enterprise Agreement with Sensera Systems for Intelligent Site Monitoring
Excool Lauded by Frost & Sullivan for Leading the Global Data Center Cooling Industry with Innovative and Advanced Data Center Cooling Technologies
Caterpillar to Launch Demonstration Project Using Hydrogen Fuel Cell Technology for Backup Power At Microsoft Data Center
VINCI Construction Signs an Agreement to Acquire a Group of Public Works Contractors in Canada from Northern Group of Companies
VINCI to Build the Operation and Maintenance Centre for Line 18 of the Grand Paris Express in Palaiseau (South of Paris)
VINCI Wins Contract to Build A Storm Sewer in Toronto, Canada
VINCI Awarded the Port Rail Transformation Project in Melbourne (Australia)

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2022 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)