The bill ratifying the new concession agreement for Attiki Odos was tabled in Parliament, ANA reports.
Titled “Ratification of the concession agreement for the funding, operation, maintenance, and development of Attiki Odos”, the 25-year agreement was signed on September 12 by the Greek state and HRADF, Nea Attiki Odos Concession SA and GEK Terna SA.
The agreement was worth 3.27 billion euros, the highest in the history of the Hellenic Republic Asset Development Fund (HRADF), according to a statement by the Ministries of National Economy & Finance and Infrastructure & Transport.
The government has announced that the 3.27 billion euros will be used to reduce public debt, which is expected to total 1.5 points of GDP.
Besides the above amount, the concessionaire will also turn over to HRADF 7.5% of all types of revenues, while it will also be responsible for investments and upgrades worth 380 million euros for the entire duration of the contract.
At the same time, toll prices will be reduced as of October 6 (the turnover date from state to concessionaire) for certain categories of vehicles such as private cars, light commercial-use vehicles, and cars hauling trailers. The tolls for these categories will drop from 2.8 euros to 2.5 euros.
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