The payment of the one-off price of 3.27 billion euros has been completed by the GEK TERNA group, which was selected as the Preferred Investor in the tender conducted by the TAIPED for the concession of the Attica Road for 25 years. It is noted that on Thursday, October 3, the ratification by the Parliament of the concession contract was preceded.

As stated in a joint statement by the Ministries of National Economy and Finance and Infrastructure and Transport, the new 25-year concession contract for the Attica Road, which will enter into force on Sunday, October 6, 2024, will have multiple benefits for the users of the road axis and the public interest in general. In particular:

  • The Greek State collects a one-off financial consideration of 3.27 billion euros, which is the highest in the history of TAIPED, reducing public debt by around 1.5% of GDP.
  • In addition to the one-time price, the Concessionaire shall pay an Annual Concession Feewhich will eventually amount to 9.3% of the total revenues of all kinds from the exploitation of the Attica Road. It is recalled that the concession contract provided for an Annual Concession Fee of 7.5% on all types of income with the possibility of adjustment depending on the level of interest on the day of the start of the concession. Following today’s process of adjusting the financing of the contract to current interest rates (rebalancing), the Annual Concession Fee is finally set at 9.3%.
  • In the new contract, the Annual Concession Fee calculated on turnover of the company that will operate Attiki Odos and not on the net profits as applicable in the existing concession contract.
  • Based on the provisions of the new concession contract, from Sunday, October 6, the price of tolls per crossing for category 2 vehicles, it is reduced from 2.80 euros to 2.50 euros.
  • For the first time are exempt from paying tolls on Attiki Odos passenger vehicles for private use that are fully owned by disabled persons and severely disabled war disabled persons.
  • In consultation with the new Concessionaire, disabled persons are exempted from paying tolls, even if the vehicle used to transport them is not fully owned by them. The same applies to semi-trucks (vans) for the transport of PWDs, regardless of whether they belong to institutions.
  • The Concessionaire, as part of its contractual obligations, must carry out work for the light and heavy maintenance of the road axis, which is estimated to will amount to at least 380 million euros for the entire duration of the concession.
  • The Concessionaire will be evaluated for the correct and safe operation and maintenance of the road axis every two years but also individually on key performance indicators (KPIs). In the event of failure to achieve the objectives, monetary penalties and other sanctions will be imposed depending on the shortfall in the expected performance.