Greece says GEK Terna preferred bidder in Athens ring road concession

Metlen Energy & Metals SA

14/09/2023 14:40

ATHENS, Sept 14 (Reuters) - Greece's privatisation
agency HRADF on Thursday named GEK Terna  HRMr.AT  as the
preferred bidder in a tender for a 25-year concession to operate
a major Athens toll road.
    GEK Terna has offered 3.27 billion euros ($3.49 billion) to
operate the 70-km (44-mile) Attica Motorway ring road after
2024, the highest price among six bidders.
    A consortium of Vinci  SGEF.PA , Mytilineos  MYTr.AT  and
Mobility Partner was the second highest bidder, offering 3.1
billion euros.
    Under the terms of the tender, GEK Terna will need to show
that it has secured financing for the deal, otherwise the Vinci
consortium will win the tender, a privatisation agency official
said.
    Greek construction groups Ellaktor  HELr.AT  and Avax
 AVAr.AT  will operate the ring road until 2024.
 ($1 = 0.9341 euros)

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