Restarted highways see revenues from tolls

Revenues from toll charges on four major highways on which construction had ceased for two years before recommencing recently, came to 1.25 billion euros in the 2008-2013 period, Transport Minister Michalis Chrysochoidis has told Parliament.

Chrysochoidis, responding to a question by an Independent Greeks MP on the gains being made by highway constructors and operators, was the first transport and networks minister to present a comprehensive list of revenues from tolls, whose increase over recent years has sparked widespread controversy.

According to the data presented to the House, Nea Odos SA saw the biggest toll revenues in 2008-2013 of the four highways that have recently restarted, reaching 452 million euros. Olympia Odos generated 445.2 million euros in the same five-year period, Aegean Motorways 324.5 million euros and Kentriki Odos 33 million euros.

Meanwhile, by the end of 2015 when the construction on the four highways is slated to end, Nea Odos will have received a total in state subsidies and claims of 745 million euros. That figure will come to 1.17 billion euros for Olympia Odos, 960 million euros for Aegean Motorways and 800 million euros for Kentriki Odos.

Assuming steady toll revenues and the funding and claims, the four projects will have received around 5 billion euros by the end of 2015.