TAIPED kick-starts tender for toll road lease

TAGS: Privatizations

The Hellenic Republic Asset Development Fund (TAIPED) launched a process on Wednesday for the lease of Egnatia Odos, a major trade route that runs across northern Greece from east to west, and part of a bailout agreed with the country’s international lenders.

Kick-starting the process for the long-term lease over the 670 kilometer Egnatia toll road, the country’s privatization agency said it would initiate a public consultation process, culminating in the invitation of non-binding expressions of interest in the project by December 20.

The duration of the lease of the motorway, which passes through 11 major Greek cities in northern Greece, is 35 years.

The objectives of the consultation are to gauge the level of interest in the project and solicit ideas and views on how the project can be optimized, TAIPED said.

“Binding offers shall be submitted in November 2017,” TAIPED said in a statement.

It added it expected the tender process to be concluded at the end of next year.