Work on key Greek highway projects will restart

Construction work is set to recommence on four highway projects in Greece. The construction work ground to a halt when the country’s economic woes began to bite hard. However the work now looks set to restart in spring 2013 following negotiations between the four consortia involved and the Greek Government. However, construction of highway sections from Trikala to the Egnatia Highway and from Lamia to Xiniada in central Greece and from Patra to Tsakona in the Peloponnese has been postponed. The decision for
December 17, 2012 Read time: 1 min
Greek highway projects have been hit hard by the country’s economic crisis
Construction work is set to recommence on four highway projects in Greece. The construction work ground to a halt when the country’s economic woes began to bite hard. However the work now looks set to restart in spring 2013 following negotiations between the four consortia involved and the Greek Government. However, construction of highway sections from Trikala to the Egnatia Highway and from Lamia to Xiniada in central Greece and from Patra to Tsakona in the Peloponnese has been postponed. The decision for these sections will be taken in the next three years. The Greek Government is assisting the contractors by negotiating with banks for funding for the stalled projects, although the loan will be between the contractors and lenders.

Related Content

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Major infrastructure upgrades in Czech Republic
    May 8, 2012
    Upgrade work to five sections of the D1 highway in the Czech Republic is due to commence in spring 2012. The first sections to be rebuilt are from are Sternov-Psare, Loket-Horice, Vetrny Jenikov-Jihlava, Lhotka-Velka Bites and Velka Bites-Devet Krizu. The Transport Ministry prioritised these sections for repair, although full permission has yet to be given before the work can commence.
    Read More
  • Germany builds its first major PPI autobahn project
    July 7, 2015
    Rebuilding of one of the oldest motorways in Germany is testing out the possibilities for public-private project road construction reports Adrian Greeman A freshly renovated section of the A8 Autobahn in southern Germany will be watched with some interest this summer as traffic begins driving along its rebuilt carriageway and additional third lanes. That is not because of any special road features, other than a distinctive reddish colour to its concrete surface, but because it is a first fullscale public
    Read More
  • Bosnia gets EBRD loan for Corridor 5c work
    January 8, 2024
    The project will include the construction of an interchange and a 15 km dual-carriage motorway section, along the Mostar North-South section.
    Read More

Highlighted Content