Friday October 31, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Verdict on Athens metro Line 4 loan due next month

Greece will aim to clinch a deal with the European Investment Bank regarding funding for a fourth metro line in Athens when officials from the Luxembourg-based long-term lending institution visit the city in September, Kathimerini has learned.

Infrastructure Minister Michalis Chrysochoidis revealed in July that the government intends to fund the project, which is expected to cost 3.3 billion euros, through European Union structural funds and loans from the EIB.

Officials representing the lender are expected in Athens in mid-September, which is when the Infrastructure Ministry is expected to present a time line for the execution of the project. Ministry officials are currently preparing a file to present to the EIB representatives. The Greek government is expected to make the Line 4 project one of the top issues on the agenda for the September meetings in Athens.

The EIB has already provided 1.5 billion euros of loans for the construction of Athens’s metro system and is investing another 650 million euros in Thessaloniki’s.

Line 4 in Athens, which is U-shaped, is expected to stretch from the Veikou Woods near Galatsi to Maroussi. The section between Evangelismos in downtown Athens and Alsos Veikou (Veikou Woods), northeast of the city center, which will stretch over 8.3 kilometers and comprise nine stations, will be the first section to be built.

All the engineering and environmental studies for this part of the project have already been completed. This section will cost around 950 million euros to construct. It is expected the EIB will provide half of that. The whole line will stretch over 33 km and have 29 stations.

ekathimerini.com , Monday August 18, 2014 (21:41)  
Cyprus court ruling opens way for bailout funds
Greek PM appoints new defense, development ministers [Update]
PSI victims protest in Athens, Thessaloniki
Archaeologists find underground vault in Amphipolis tomb
Eurozone inflation up, unemployment steady, Eurostat reports
Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed on Friday, providing only limited reassurance that a modest econom...
Greek retail sales rise for third month in a row
Greek retail sales by volume rose 7.4 percent in August compared to the same month last year, after a downwardly revised 4.7 percent increase in July, statistics service ELSTAT said on Frida...
Inside Business
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Cyprus court ruling opens way for bailout funds
2. Greek PM appoints new defense, development ministers [Update]
3. PSI victims protest in Athens, Thessaloniki
4. Archaeologists find underground vault in Amphipolis tomb
5. Eurozone inflation up, unemployment steady, Eurostat reports
6. Nikos Dendias appointed defense minister
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
3. Germany’s 10-year bonds decline before euro-area inflation data
4. Greek retail sales rise for third month in a row
5. Archaeologists find underground vault in Amphipolis tomb
6. New defense minister to be appointed without reshuffle
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.