NEWS

Road traffic on Greek highways down by 40 pct

Road traffic on Greece’s national highways has dropped by 40 percent since the beginning of the debt crisis, according to reports.

The high price of tolls and gas are the main reason for the reduced traffic.

Meanwhile, falling toll revenue has hit Olympia Odos, the contractor for the highway from Athens to the Peloponnese. The company reported 57.7 million euro losses in 2012 up from 30.2 million euros the previous year.

Construction of the new highway is expected to be complete by October 2015.