Greece receives two bids for Egnatia motorway lease (updated)

Avax SA

01/04/2021 15:50

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    ATHENS, April 1 (Reuters) - Greece received two binding bids
on Thursday in a tender for the long-term lease of its biggest
motorway, Egnatia Odos, its privatisation agency said.
    The agency, known as HRADF, said offers were submitted by a
consortium of Vinci  SGEF.PA , Mytilineos  MYTr.AT  and Avax
 AVAr.AT  and a consortium of GEK Terna  HRMr.AT  and Egis
Projects.
    The concession, which includes financing, operating and
maintaining the 658-km (411-mile) motorway and three road
connections, lasts for 35 years.
    The highway connects a western Greek port, the main entry
point from Italy, to the northeastern border with Turkey and the
road connections link Greece to the Balkans.
    GEK Terna  HRMr.AT  and Egis Project had submitted the sole
binding bid for the motorway last year.
    But HRADF relaunched the process and set a new deadline
which expired at 1400 GMT on Thursday after a court upheld an
injunction filed by two shortlisted groups of bidders, Roadis
with Aktor  HELr.AT  and Vinci  SGEF.PA  with Mytilineos
 MYTr.AT , which wanted more time to bid.
    

 (Reporting by Angeliki Koutantou; Editing by Edmund Blair)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))