Concession

GEK Terna on Friday completed the one-off payment of 3.27 billion euros after being selected as the preferred investor in the Hellenic Republic Asset Development Fund's tender for the 25-year concession of the Attiki Odos highway.

According to the new contract for the concession of Attiki Odos, the fee that state asset utilization fund TAIPED will receive for the concession of the Attica ringroad is 3.27 billion euros, all of which will be paid by the start of the concession.

More than 12,500 inspections have been conducted on beach concessions for violations of concession terms, 2,500 in the last week alone. Authorities have shut down 36 businesses, 14 in the past week.

Violations, usually involving exceeding the space conceded, can be reported using the MyCoast app.

Beach concessions to businesses reached a record 1,650 this summer, far higher than the initial estimate of 1,200 by the Ministry of Finance.

In another 150 cases, there were no concessions, either because there was not enough interest or because the chosen concessionaire backed away from the deal.

The concession of the Egnatia Odos highway to GEK Terna for a period of 40 years is expected to be completed in March.

More than three out of every seven public contracts are awarded following procedures in which there was only one tender, and even when there is more than one tender the average per procedure is only 2.6 participants.

The existing procedure for concession of the airport in Plovdiv will be terminated next week, announced the caretaker Minister of Transport, Information Technologies and Communications Georgi Todorov.

The reason for the termination is that there is no interest in this concession and no candidate has appeared, although the deadlines have been extended several times.

The concessionaire of Sofia Airport will be able not to pay the state the annual fees for ten years.

This amendment to the concession contract of our largest airport approved the government on the proposal of the Minister of Transport Rossen Zheliazkov.

On February 7, the Montenegrin government said they terminated concession contracts for seven hydro plants in the northern part of the country, stressing that five of the investors already filed lawsuits against the state. The Government said they will have to pay compensation to investors, accusing former authorities of making spontaneous hydropower construction planning.

The Albanian government under Prime Minister Edi Rama has secretly proposed to extend the contract for the private management of Tirana International Airport from 22 to 35 years, parliamentary submissions show.