Four of­fers ex­pected for Athens metro pro­ject

Kathimerini English - - Focus -

Four bid­ders are ex­pected to show in­ter­est in Greece’s ten­der to build a 1.45-bil­lion-euro pro­ject to ex­pand the Athens metro, a source fa­mil­iar with the mat­ter said yes­ter­day. Greece’s GEK Terna will bid as part of a joint ven­ture with France’s Vinci and Siemens, a spokesman for GEK Terna said. Greece’s Ak­tor with Italy’s An­sal­doBreda, J&P Avax with Italy’s Ghella and France’s Al­stom and Myti­li­neos with Spain’s FCC were also ex­pected to bid, the source with knowl­edge of the mat­ter said. J&P Avax did not re­spond to a re­quest for com­ment and Myti­li­neos de­clined to com­ment. Ak­tor was not im­me­di­ately avail­able for com­ment. Sta­te­owned At­tiko Metro has pushed back the dead­line for ini­tial ex­pres­sions of in­ter­est to build the 13-kilo­me­ter ex­pan­sion three times since June after re­quests by po­ten­tial bid­ders. The lat­est dead­line is Au­gust 10. At­tiko Metro has said it will com­plete a short list of po­ten­tial con­trac­tors by the end of the year. Short-listed in­vestors will then have to sub­mit tech­ni­cal and fi­nan­cial bids for the pro­ject, which will be co-fi­nanced by Euro­pean funds and loans by the Euro­pean In­vest­ment Bank. Con­struc­tion is ex­pected to be­gin in 2019 and will be com­pleted within eight years. At­tiko Metro will launch a sep­a­rate ten­der in Septem­ber for con­trac­tors to carry out prepara­tory works be­fore con­struc­tion of the new metro line starts, its man­ag­ing di­rec­tor Theodoros Papadopoulos told Reuters. Papadopoulos said that works will in­clude ar­chae­o­log­i­cal re­search and mov­ing part of pub­lic util­ity net­works and these were ex­pected to start early next year.

Thes­sa­loniki ho­tels recorded a slight in­crease of 3.5 per­cent in the num­ber of for­eign guests over the first half of the year com­pared to a year ear­lier, ac­cord­ing to the lo­cal hote­liers’ as­so­ci­a­tion. Overnight stays by guests from abroad num­bered 1.08 mil­lion, but 35,596 of them con­cerned mi­grants from Iraq and Syria. ter­day in a sale of six-month trea­sury bills, ac­cord­ing to an an­nounce­ment by the Pub­lic Debt Man­age­ment Agency (PDMA). The trea­sury bills were priced to yield 2.5 per­cent, down from the pre­vi­ous auc­tion car­ried out in July, when the in­ter­est rate stood at 2.78 per­cent. Shut out of in­ter­na­tional mar­kets since 2010, Greece runs a monthly trea­sury bill auc­tion to cover ma­tur­ing debts and meet its fi­nanc­ing needs. On July 25, the debt­laden coun­try made its first test re­turn to bond mar­kets in three years. Greece raised 3 bil­lion eu­ros at that auc­tion, sell­ing five-year state bonds at a 4.625 per­cent in­ter­est rate, down from the 4.95 per­cent in­ter­est rate it had se­cured in 2014. Greece is ex­pected to fully re­turn to the mar­kets in 2018 when the coun­try’s third bailout pro­gram since 2010 comes to an end.

Salonica ho­tels.

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