Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Greece extends bid deadline for Egnatia motorway concession again

Published 18/12/2019, 19:43
Updated 18/12/2019, 19:45
© Reuters.  Greece extends bid deadline for Egnatia motorway concession again

ATHENS (Reuters) - Greece has again extended a deadline for the submission of binding bids for the long-term Egnatia Odos motorway concession in the north of the country.

Athens shortlisted seven investment groups to take part in the second phase of the tender for Egnatia and three road connections last year.

The groups included France's Vinci (PA:SGEF), China's Sichuan Communications [SICHAM.UL] and Greece's GEK Terna (AT:HRMr).

The Ministry of Infrastructure and Transportation on Wednesday extended the deadline for binding bids to June 26, 2020 from Feb. 21.

The bid deadline has been pushed back numerous times as issues ranging from the commissioning of toll stations to the licensing of tunnels were still pending.

The contract for financing, operating and maintenance the 648 km (402 miles) motorway is for 35 years.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.