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Greek National Highway on Sale for €100 Million

egnatia-odos_2Egnatia Odos, one of Greece’s longest and newest national highways, is to be sold for 100 million euros, when its construction cost was 6.5 billion euros, according to a newspaper report.
Efimerida ton Syntakton newspaper says that the privatization of the national highway that connects Igoumenitsa in the Epirus region with Alexandroupolis in Thrace is part of the agreement with creditors. The announcement will be made in late September, during negotiations with creditors for the second bailout program review.
The report says that the deal between a private company and the Hellenic Republic Assets Development Fund is for 40 years and the Greek State will be getting a percentage of the tolls. Currently, the Egnatia Odos annual revenues from tolls are 50 million euros.

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