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

  • Poland's big transport plans
    July 6, 2012
    The European Investment Bank (EIB) looks likely to grant Poland a loan of €1.6 billion to carry out several key infrastructure projects. Some of the money will be used to finance the A2 highway from Lodz to Warsaw; Warsaw's southern ring road and a 50km section of the A4 highway to link with Germany.
    Read More
  • Uganda road projects funding sought
    February 6, 2017
    The Ugandan Government has unveiled plans to improve its road connections with its northern neighbour South Sudan. To fund the construction project, the Ugandan Government has been seeking a loan worth US$210 million from the Islamic Development Bank (IDB). The terms of the loan arrangements have yet to be revealed however. The aim of the project is to improve the road link running through Rwekunye, Apac, Lira and Acholibur. Better transport links form part of a much wider programme of integration between E
    Read More
  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More
  • Construction work will start shortly on major Indonesian tollroad
    July 22, 2013
    In Indonesia the country’s government intends to speed up preparations for the massive Trans Sumatra tollroad project. This 2,700km highway link is costing close to US$30 billion and much of the work will be carried out by the state-owned contractor, Hutama Kaya. Construction will commence in late-September 2013 and the project is scheduled to be fully open by 2025. This highway will connect all 10 provinces in Sumatra Island through Aceh-Lampung. Phase one of the project is for the construction of four sec
    Read More

Highlighted Content