Skip to main content

Terna wins Greek highway prize

Greek general construction companies Terna and AEGEK Kataskevastiki have signed a deal to develop part of the Egnatia Odos highway.The budget for the works is reported to be US$ 113.90million, plus VAT of $26,111,500. The second part of the two-part highway development project is budgeted at $23,046,800, plus VAT of $5,300,750
May 9, 2012 Read time: 1 min
Greek general construction companies 5467 Terna and 5468 AEGEK Kataskevastiki have signed a deal to develop part of the Egnatia Odos highway.

The budget for the works is reported to be US$ 113.90million, plus VAT of $26,111,500. The second part of the two-part highway development project is budgeted at $23,046,800, plus VAT of $5,300,750.

For more information on companies in this article

Related Content

  • Morocco's road future
    February 6, 2012
    Morocco is spending 2.8% of its annual budget on maintaining and building roads as part of its 2008-2012 plan. For 2010, the state will allocate a budget of US$777 million on roads, a significant increase over the $413.6 million spent in 2006.
  • SSL settles legal issues, Champlain Bridge to open December 21
    April 18, 2018
    Montreal will get its new Champlain Bridge just before Christmas, a date agreed upon by the Canadian government and the SNC-Lavalin-led consortium. The agreement settles an outstanding lawsuit that the Consortium had filed regarding costs increases of around US$186.5 million relating to the transportation of oversized parts and delays to the bridge's construction, according to media reports. Last month SNC-Lavalin, head of the Signature on the Saint-Laurent Group (SSL), had said that the bridge over the
  • A key expressway project is due in Nepal
    July 26, 2012
    The Nepalese Government plans to open a key expressway project to tender. The Ministry of Physical Planning works and Transport Management is inviting bidders to show their interest in the construction of the Kathmandu-Nijgadh-Pathlaiya Terai/Madesh Expressway project. This new road link is intended to be offered under a PPP/BOT model. The 76km expressway is expected to cost US$853 million to construct. A feasibility study has been carried out and the expressway will be designed to meet the Class – A Catego
  • China-based Shaanxi Province HC to raise over US$475mn from 5-year note issue
    January 9, 2013
    Five-year notes have been issued by China-based Shaanxi Province Highway Construction Group to raise USD$476.57 million (CNY 3bn). Shanghai Pudong Development Bank and China Development Bank will be the joint lead underwriters for the notes issue, launched on Monday January 14, 2013, with the latter also acting as a bookrunner. Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY