EU-funded projects grind to a halt due to delays in payments

Payments for a number of European Commission-subsidized projects in Greece have been severely delayed in recent months during the crucial period just before their completion, according to the Association of Greek Construction Companies (SATE).

The payment delays have hit major projects such as highway concessions all the way down to smaller public works including the construction of sewage networks and schools.

“State projects around the country are falling apart as they see work stop one after another due to the financial constraints of construction firms,» a SATE statement warned on Monday.

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