J&P Avax

The European Investment Bank agreed on Thursday a 110 million euros ($121 million) loan for the construction of a 182-km gas pipeline linking Bulgaria with Greece that will end Sofia's complete dependence on Russian gas and help diversify supplies in southeastern Europe.

Greece's J&P AVAX has won the tender to build a gas pipeline between Greece and Bulgaria for 133.85 million euros ($150.46 million), project manager ICGB said on Tuesday.

Greece's J&P AVAX filed the lowest offer in a tender to design and build a gas pipeline between Bulgaria and Greece, project manager ICGB said on Tuesday, reports Ekathimerini.

GEK Terna is expanding its presence in projects abroad as sources say it has won the tender for a major project in Cyprus in a consortium with J&P Avax.

It concerns a contract worth 550 million euros for the construction of a casino in Limassol named City of Dreams Mediterranean, to be operated by Integrated Casino Resorts Cyprus.

The Piraeus Group is said to have received a bid worth 50 million euros for its 9.8 percent stake in the consortium that operates the Attiki Odos ring road around the Greek capital.

Following months of hard work, Piraeus Bank seems to have secured a proposal by the Davidson Kempner private equity fund.

Italy's Saipem, a consortium including Azeri state firm SOCAR and nine other groups or firms have submitted initial bids to build a gas pipeline between Bulgaria and Greece, the company overseeing delivery of the project said.

The deadline of the tender for the contractor to undertake the extension of the Piraeus cruise passenger port has been stretched by a few more days due to the strong competition among major construction groups.

The long-overdue project to provide a place of worship to the Greek capital's growing Muslim population has been pushed back again, to late October.

Ostensibly due to delays in the signing of the contract for complementary construction work at the site in the run-down district of Votanikos, this is the fifth extension to the project's delivery deadline.

Ten investment groups have expressed an interest in the concession of Alimos marina in southern Athens, including foreign and Greek companies such as Lamda Development, Aktor, Dogus, J&P Avax, Koc Holding, Intracom and Archirodon.

Greece's state-owned subway operator, Attiko Metro, will finalize a short-list of four interested contractors in a tender to build a 1.45-billion-euro expansion project by March, its managing director said on Monday.