Athens metro Line 4 tender to be issued early next year

24 September 2016
1004 Views

After a series of delays, the tender for the construction of Line 4 of the Athens metro is expected to be issued early next year.

The extension of the capital’s metro network has been long anticipated by residents of the densely populated areas of Galatsi, Kypseli, Kaisariani and Zografou.

Some 1.5 billion euros, about a quarter of the total budget for the project, will come from European structural funding, with the remainder being covered by European Investment Bank loans.

The project had been delayed for two reasons. Firstly because feasibility studies regarding the area between Evangelismos and Goudi took time to complete. And secondly because the Transport Ministry had been insisting for several months that the project take the form of a public-private partnership so that the state funding earmarked for its construction could be channelled elsewhere; however that idea had the support of neither the Economy Ministry nor the EIB.

You may be interested

Reuters: Strong demand for Greek & Austrian bonds
FINANCE
shares14 views
FINANCE
shares14 views

Reuters: Strong demand for Greek & Austrian bonds

makis - Jan 27, 2021

Strong demand emerged today for bond issues from Austria and Greece, which followed larger Eurozone countries that issued bonds earlier…

Lost city of Alexander the Great is found in Iraq using US spy footage of the area captured in the 1960s!
GREECE
shares14 views
GREECE
shares14 views

Lost city of Alexander the Great is found in Iraq using US spy footage of the area captured in the 1960s!

Panos - Jan 27, 2021

Alexander the Great‘s ‘lost city’ was a magical place where people drank wine and naked philosophers imparted wisdom, ancient accounts…

Hidden Masonic links to the legendary treasure of Oak island
GREECE
shares13 views
GREECE
shares13 views

Hidden Masonic links to the legendary treasure of Oak island

Panos - Jan 27, 2021

According to legend, a young man named McGinnis was wandering Oak Island, an island in the Mahone Bay off the…

Leave a Comment

Your email address will not be published.