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Greece awards euro1.6 billion highway deal to Greek-Spanish consortium

Greece awards euro1.6 billion highway deal to Greek-Spanish consortium

Greece has awarded a consortium of Greek and Spanish contractors a euro1.6 billion (US$2.06 billion) deal to build a highway in central Greece, the public works ministry said Friday.
The consortium, Hellenic Autopistas, comprises Greek construction firms GEK Group and Terna, and Spain's Cintra and Dragados, a ministry announcement said.
The project involves a 175-kilometer (108-mile) north-south highway through central-eastern Greece, and a 57-kilometer (35-mile) stretch of road around the south-central town of Lamia.
The entire project is expected to be completed within 66 months. Financing will include euro500 million (US$645 million) from the state, of which about half will come from European Union funds.
In late December, the consortium also signed a euro1.4 billion (US$1.8 billion) contract for a separate, 382-kilometer (237-mile) highway along the country's west coast.


Updated : 2021-06-17 08:30 GMT+08:00