HRADF approved the commencement of the process for the privatization of “Egnatia Motorway”

The Board of Directors of Hellenic Republic Asset Development Fund (HRADF) on Wednesday approved the commencement of the process for the privatization of “Egnatia Motorway” leading to the launch of an international tender procedure for the award of a concession agreement for the operation, maintenance and commercial exploitation of the Egnatia Motorway and three vertical axes thereto to a private investor.

In this context, it has been decided that an invitation to participate in a public consultation shall be published, through which interested investors shall have the opportunity to express their initial non-binding interest in the project and submit any comments / views on the relevant transaction and tender structure until 12.20.2016. Upon conclusion of the consultation process, the HRADF shall proceed without undue delay in the beginning of 2017 with the publication of the tender documents.

HRADF’s goal is to maximize investors’ interest in the project, while optimizing and expediting the tender procedure for the award of the relevant concession agreement, with due consideration of the public interest.
In accordance with the approved time schedule, binding offers shall be submitted in November 2017, while the tender procedure is expected to be concluded by the end of the same year.

“ALPHA BANK” has been appointed as HRADF’s financial advisor for the project, “Zemberis, Markezinis, Lambrou & Associates Law Firm” as legal advisor and “AVARIS Transport Engineers” and “NOVUS Consulting Engineers S.A.” as technical advisors.