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

  • Funding sources being sought for Indian highways
    January 25, 2016
    India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NH
    Read More
  • Kewatkhali Bridge construction to start
    October 11, 2023
    The project in Bangladesh for the steel arch bridge includes a 6.2km four-lane approach road.
    Read More
  • US Senate approves federal highway programme
    June 24, 2014
    In the US, the Senate Environment & Public Works Committee has made a key move by approving a six-year reauthorisation of the federal highway programme. This is a landmark political step and is likely to have been the subject of much cross-party negotiation. The move will be of major importance for the transportation construction industry, which has suffered badly from low levels of business in recent years. This six-year package will provide a major stimulus to business for contractors and equipment firms
    Read More
  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More

Highlighted Content