Thursday April 17, 2014 Search
Weather | Athens
15o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
State seeks private partner for new KTEL coach terminal

By Nikos Roussanoglou

The creation of a new terminal for KTEL intercity coaches to all destinations in Greece in the western Athens district of Elaionas, a plan which the Development Ministry is keen to implement, is set to generate significant interest from several Greek property development and construction groups.

The plan was first tabled several years ago, but the ministry is determined to breathe new life into it, as statements by Minister Costis Hatzidakis showed last week: He said that a draft bill is in the pipeline for the start of 2013, providing for the necessary procedures (such as town planning) to start.

This will likely result in expressions of interest from a series of companies in the next few weeks, as the complex project is expected to be implemented in the form of public-private partnership (PPP). The ministry wants to have the new terminal up and running within two years.

The new KTEL station constitutes an investment of an estimated 120 million euros, with the duration of the concession contract to the private partner ranging between 35 and 40 years.

The terminal will host the services currently handled by the existing KTEL stations on Kifissos Avenue and Liosion Street, both in western Athens, too.

Kathimerini expects a healthy degree of interest from property development companies due to the fact that besides the new coach terminal, which will cover a surface area of 38,500 square meters, the investment will likely include the operation of commercial stores totaling 11,000 sq.m. in order to provide an offsetting benefit for the private investors who will be chosen to fund the project.

Also foreseen is the creation of free-access green spaces totaling 29,000 sq.m., while some 1,500 sq.m. will host spaces of cultural interest and there will be a 480-vehicle parking area. The plot that has been selected is close to 90,000 sq.m., with 50 percent of that destined for the KTEL station itself and the rest for the development of commercial and green spaces.

The states contribution to the project will concern the concession of land, while the private investor, in cooperation with the KTEL consortiums, will undertake the construction and operation of the new station.

Notably, the creation of the new terminal station will go a long way toward decongesting the districts where the existing KTEL terminals are based. It is further expected to boost KTELs popularity and passenger traffic, as the new terminal will be served by the Elaionas metro station and be close to major city thoroughfares such as Iera Odos and Petrou Ralli.

The terminal will also be very close to the plot conceded to the Babis Vovos construction company for the creation of a new shopping center, which is only 75 percent complete as the firm has filed for bankruptcy.

ekathimerini.com , Monday December 17, 2012 (22:38)  
Euro award institutions choose Greece
Mission to woo Russian visitors
IOBE: Reforms are the only way for economy to return to growth
Piraeus steals show as stock index recovers
Judges warn GD holdups over lifting of immunity could lead to suspects release
The magistrates handling the investigation into the neo-Nazi Golden Dawn partys alleged illegal activities warned Parliament Wednesday that some of the suspects in the case could be release...
Tensions in SYRIZA as EP election list finalized
Leftist opposition SYRIZA on Wednesday announced another six of its candidates for next months European Parliament elections, following a stormy session of the partys political secretariat...
Inside News
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national teams triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
BASKETBALL
Greens within a whisker of upsetting CSKA Moscow
Panathinaikos came mighty close to snatching home advantage from CSKA Moscow in Game 1 of the Euroleague play-offs on Wednesday, but eventually succumbed to its host in Russia in overtime, w...
Inside Sports
EDITORIAL
Transparency of political party funding
Ensuring transparency in the funding of political parties and the manner in which they choose to spend their funds are crucial to the smooth functioning of our democracy. After all, most of ...
COMMENTARY
Historical baggage
In Ukraine, which is on the brink of civil war, its not just whether the former Soviet republic will join the Western camp or retain a neutral status reminiscent of Finland before the break...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek soccer turns fishier than ever
2. Greens within a whisker of upsetting CSKA Moscow
3. Euro award institutions choose Greece
4. Mission to woo Russian visitors
5. IOBE: Reforms are the only way for economy to return to growth
6. Piraeus steals show as stock index recovers
more news
Today
This Week
1. EU struggles to unpick the knot of Russia-Ukraine gas logistics
2. Stormy weather expected in northwest, central Greece
3. Greece to assist search for remains of Turkish pilot
4. Illegally claimed pensions cost state over 12.5 million euros
5. Bad weather leaves northwest town powerless
6. University admission exams to commence May 28
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Time to take a hard look at debt sustainability, says OECD chief
3. For faith and country
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Samaras sees no need for third bailout
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.