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Northern Road Axis of Crete

Greece
Stage 5: Government Approval / Procurement Stage
Stage 5: Government Approval / Procurement Stage
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Project data uploaded by:
Special Secretariat for PPPs
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SECTOR
Transport  >  Road
TYPE
Greenfield
VALUE
328.8 M USD
PROJECT LOCATION (E.G. MAJOR GEOGRAPHIC REFERENCE)
Crete - "Hersonissos - Neapolis" section Kriti (Crete) Greece 
LAST UPDATED
Q2 2019
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Project data uploaded by:
Special Secretariat for PPPs
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Project Description
The construction of the "Northern Road Axis of Crete "Hersonissos - Neapolis" section" has been procured as an availability-based PPP project (Construction Cost: EUR 200 mn). The PPP project Hersonissos - Neapolis, with a total length of 22.5 km, has a starting point in Hersonissos and reaches Neapolis of Agios Nikolaos. In the framework of the Public-Private Partnership, the Private Partner (PP) will undertake the following: (1) Elaboration of all the studies required for the construction of the project and its environmental permitting, based on the existing studies; (2) construction of all the works provided in the design studies of the project; (3) financing the project; (4) maintenance of the Hersonissos - Neapolis road section as planned in the final design for the duration of the PPP contract in exchange for availability payments during the operating period. Tender process is in progress.
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Project stage info
Stage 1: Initial Government Announcement
Completed
Stage 2: Project Investigation
Completed
Stage 3: Start of Project Feasibility / Business Case
Completed
Stage 4: Project Feasibility / Business Case Complete
Completed
Stage 5: Government Approval / Procurement Stage
Completed
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