EC approves Greek public financing road concessions
Brussels, Belgium – The European Commission has decided 2008-01-30 not to raise objections to certain measures adopted by the Greek authorities in support of road infrastructure. The Commission considers that grants for the construction and upgrading of such road infrastructure in Greece do not constitute State aid.
Within the framework of three concession agreements, the Greek authorities will grant:
- €€500 million to Odos Kentrikis Elladas S.A. for the design, construction, financing operation, maintenance and exploitation of the Maliakos-Kleidi section of the Patras-Athens-Thessaloniki-Evzoni (PATHE) motorway project;
- €300 million to the Moreas Group for the design, construction, financing operation, maintenance and exploitation of the Korinthos-Tripoli-Kalamata motorway and Lefktro-Sparti branch projects;
- €278 million to Aegean Motorway S.A. for the construction of the motorway sections between Maliakos and Kleidi (part of PATHE programme), between Tembi and Skotina, and between Evangelismos and Leptokaria.
The Commission took into account the fact that all the projects were put out to a tender procedure and that concession-holders of the infrastructure would not be overcompensated. Consequently, as the measure does not constitute an advantage to the selected concession-holders, it does not constitute State aid within the meaning of Article 87(1) of the EC Treaty.