29/11/2011 A NEW PROJECT FOR EGNATIA ODOS S.A.

A NEW PROJECT FOR EGNATIA ODOS SA

Following the recommendation of the company’s Chairman, mr Anastasios Mouratidis, to the Parliamentary Standing Committee on Economic Affairs on 22/11, the construction contract of the project “Egnatia Motorway Vertical Axis 50 Kozani- Florina- Niki: Section Florina- Niki (50.3) has been positively evaluated. The section has a length 14,5 kmand a construction budget of € 79,95 M  (VAT included).

The project regards the construction of section “Florina- Niki (50.3), of a length of 14,5km of the Egnatia Motorway vertical axis “Kozani- Florina- Niki” (axis 50). Vertical Axis 50 is part of Pan-European Corridor X, has a length of approximately 78,5km and is foreseen to connect the Egnatia Motorway at Kozani IC with the Border Station of Niki on the borderline with FYROM.  Partial sections of axis 50 have already been constructed or are under construction, within the framework of previous or current contracts.

The project involves the construction of a central arterial road, a 17-meter cross section four-lane highway, with a central reserve and two traffic lanes per direction, the construction of two Interchanges (Florina IC, ch 0+684,36, Kato Klines- Ano Kalliniki IC, ch 7+506,70) and one intersection (Niki intersection, ch 14+527,28), the construction of a side roads’ network, as well as the restoration of the local roads’ network and has been incorporated into the Operational Programme- Improvement of Accessibility  2007 – 2013.

According to the estimate of the Ministry of Infrastructure, Transport & Networks and EGNATIA ODOS SA, the project’s construction will have commenced within the first three months of 2012 and will be executed by Joint Venture “AKTOR ATE- TERNA SA- MOCHLOS SA”