“Clash of Titans” for the concession of Egnatia Motorway

The concession teender for Egnatia Motorway has started with impressive participation and if this interest is maintained until the bids’ stage, then we will be talking about the most unpredictable “battle” of HRADF’s tenders, ever. Last Friday, the expression of interest was completed with the participation of 9 interested parties, comprised of leading Greek and foreign companies. An important element of this competition is the attraction of large investment schemes.

The Canadian PSP, which is active in Greece as it is a shareholder in Athens International Airport, is making a second major move alongside AKTOR, which seems to develop new alliances, beyond the usuals of the past 15 years.

Italian Anas, which is the neighbouring country’s, responsible authority for the motorway network and road infrastructure, in general, is also present. French EGIS, that manages large-scale road infrastructure has joined forces withTERNA, a domestic company that also has multiple collaborations with overseas giants. Additionally, we see a new participation in the consortium comprised of the German DIEP and Savvidis’ DIMERA.

The, also French, VINCI, with a strong presence in the country and one of the world’s largest construction companies, has formed a J/V with Mytilineos Group for the very first time. The Chinese have a presence with Sichuan that has allied with the Greek DAMCO while J&P chose to collaborate with AEIP, a company mostly involved in PPP projects. Two companies chose to participate on their own and these are: Freya, a subsidiary of Mcquarie investment fund and DIOLKOS, a Greek company that belongs to Ravago Group.

In detail, the profiles of all 9 contenders is as follows:

1. Anas International Enterprise S.p.A.

Anas International Enterprise S.p.A. operates as the foreign markets arm of Anas S.p.A., which is the delegated authority on behalf of Italian government for the development and upgrading of the national road and motorway network.

2. The Consortium of ROADIS Transportation Holding S.L.U., AKTOR CONCESSIONS S.A.

ROADIS Transportation Holding S.L.U. is a subsidiary of PSP Investments Canada, Inc., Canada’s pension investment management company.
AKTOR CONCESSIONS S.A. operates as a holding company in concession and service provision. It is a subsidiary of the listed company ELLAKTOR, who is active in the fields of infrastructure, construction, waste management etc.

3. The Consortium VINCI HIGHWAYS S.A.S–VINCI CONCESSIONS S.A.S.–MYTILINEOS HOLDINGS S.A.

VINCI HIGHWAYS S.A.S a subsidiary of VINCI Concessions S.A.S., constructs and operates roads and highways. The company is based in France.
VINCI CONCESSIONS S.A.S. operates as a concessions and construction company. The aforementioned companies are members of VINCI group, the French group, operating worldwide.

The group’s business lines include inter-alia autoroutes, airports, concessions and energy. MYTILINEOS HOLDINGS S.A. is a Greek industrial group with international activity in Engineering, Procurement and Construction (EPC projects), metallurgy, electric power and gas trading.

4. The Consortium of GEK TERNA S.A.  EGIS PROJECTS S.A.

GEK TERNA S.A. is a listed Greek company active in construction, concessions, renewable energy, thermal energy, waste management, mining and real estate.

EGIS PROJECTS S.A. is developing and managing transport infrastructure projects and is a member of the French group EGIS, which operates in the sectors of aviation, construction, energy.

5. The Consortium of DEUTSCHE INVEST EQUITY PARTNERS GMBH–DIMERA LTD

DEUTSCHE INVEST EQUITY PARTNERS GMBH is a principal investment firm headquartered in Germany.
DIMERA LTD is an investment group investing mainly in infrastructure, FMCG, hospitality and leisure.

6. The Consortium of SICHUAN COMMUNICATIONS INVESTMENT GROUP CO., LTD–DAMCO ENERGY S.A.

SICHUAN COMMUNICATIONS INVESTMENT GROUP CO., LTD is a Chinese company that engages in the investment, construction, operation, and management of transportation infrastructure.

DAMCO ENERGY S.A. is a Greek company, active in the construction of energy projects and in the supply and installation of equipment in large power plants. DAMCO ENERGY S.A. is member of Copelouzos group which is active in the areas of energy production and trading waste management, natural gas, concessions, property and services.

7. NORTHERN GREECE CORRIDOR CONSORTIUM (Intertoll Capital Partners B.V./J&P–AVAX S.A./Aberdeen European Infrastructure Partners II LP)

Intertoll Capital Partners B.V. is based in Netherlands and is a member of Intertoll group which is a motorway infrastructure developer and operator based in Hungary. J&P–AVAX S.A. is a listed Greek construction company active in various projects worldwide.
Aberdeen European Infrastructure Partners II LP is a private equity fund investing in Public Private Partnership (PPP) in infrastructure projects.

8. FREYJA HOLDINGS SARL (Macquarie European Infrastructure Fund 5 L.P. / Macquarie European Infrastructure Fund 5 SCSp)

Macquarie Infrastructure and Real Assets (Europe) Limited is a fully owned subsidiary of Macquarie Group Limited and is a global investment manager with a diverse portfolio that includes infrastructure, electricity and gas transmission and distribution networks among others.

9. DIOLKOS CONTRUCTION S.A.

DIOLKOS CONTRUCTION S.A. is a Greek construction company owned by RAVAGO S.A group. RAVAGO’S activities include polymer distribution, chemical solutions, logistics, construction materials and others.

Nikos Karagiannis-ypodomes.com

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