ATHENS — The Hellenic Republic Asset Development Fund (HRADF) on Thursday announced it received two binding offers for the award of the services concession contract in relation to operation, maintenance and exploitation of Egnatia Odos motorway and three vertical road axes.

In announcement, HRADF said binding offers were submitted by:

1. GEK TERNA SA – EGIS PROJECTS SA

2. VINCI HIGHWAYS SAS – VINCI CONCESIONES SAS – MYTILINEOS SA – AVAX SA

Egnatia Odos is a motorway that has been already built and in operation, with a fully controlled access dual carriageway facility, 658 kilometers long, stretching from Igoumenitsa in the Prefecture of Epirus (north-west coast of Greece), to Kipi in the Prefecture of Eastern Macedonia and Thrace (at the border with Turkey). The award of the services concession contract for the financing, operation, maintenance and commercial exploitation of Egnatia Odos and three vertical axes to the Preferred Investor is for a period of 35 years.