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EBRD enters the “arsenal” of Greek PPP projects and takes them to another level

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Another important step for the further internationalization of PPP projects is made by the Ministry of Development and Investments through the General Secretariat of Strategic Investments and PPPs which are now reinforced by the EBRD.

A bill introduced this morning in the Parliament to be voted by the Ministry stipulates that the General Secretariat will henceforth be able to cooperate with the European Bank for Reconstruction and Development in terms of technical assistance for the preparation of PPP projects.

This is a strategic move as with this provision the General Secretariat of PPPs, acquires a very strong tool for the next projects since the EBRD will undertake the maturation and supervision of the projects giving international prestige to the already upgraded and award-winning production process of PPPs.

It is considered that this move will save valuable time during the tender process, since the EBRD undertakes to conduct tenders for engineering consultants based on its own criteria, while the supervision of projects will ensure that they will be implemented with the strictest standards.

This cooperation will be able to start as early as next September, since the plan is currently under preparation. The contract will be signed by the Minister of Development and Investments, Adonis Georgiadis and will be implemented by the General Secretary of Strategiv Investments and PPPs, Nikos Mantzoufas.

An international message

According to information of ypodomes.com, the idea for this preparation facility started after the participation of the EBRD in the PPP project for Athens Medical Center. The aim is to mobilize consultants under the auspices of the EBRD. The international standards and the prestige of the organization will guarantee transparent and high level procedures on a permanent basis for the PPPs.

At the same time a double message is sent. The first is for the public bodies that target the partnership projects that there is an internationally renowned organization available that will complete the whole process, from its maturation to the auction and the monitoring of the project.

The second message is both to domestic and international investors. Our country has been awarded many times in the past for the good practices it applies in tenders for PPP projects and the last time was just a month ago when it was ranked second in the world by the Global Infrastructure Hub, a G20 body. Now, this development comes to confirm this recognition with a top collaboration.

Sources of the market comment at ypodomes.com that this is a unique agreement that takes PPP projects to another level, which are constantly entering into larger, more complex projects and now have the need to secure the entire process. They also note that such a partnership will be able to attract new players from the international investment community.

It is worth noting that the internationalization of the implementation process of the PPP projects is ensured with the cooperation of the EBRD itself, since its shareholders are the European Commission, the EIB but also leading countries such as the USA, Japan, etc.

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Technical offer for Hellinikon casino project, approved

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Καζίνο Ελληνικό Mohegan ΓΕΚ ΤΕΡΝΑ

Α step forward has been taken in the case of the casino in Elliniko since, as it became known, the technical offer of Mohegan-GEK TERNA consortium was approved by the Gaming Supervision and Control Committee (EEEEP), which is also the finalist for this large-scale project.

What remains now is the award of the tender, a step which is currently unknown when it will take place due to the pending case of Hard Rock International’s appeal to the Council of State. It is reminded that the American company made this move despite the repeated negative decisions for it in this tender, due to the rejection of its offer.

The completion of the tender for the Integrated Resort Casino (IRC), is a basic deferral condition for the initiation of the project in Elliniko, which means that the relevant contract must first be signed in order for the signatures concerning the large investment in the spaces of former international airport to be completed.

Inspire Athens

The official name given by Mohegan-GEK TERNA consortium is “Inspire Athens” and is a mega-project, in fact the largest building project in Greece, while for GEK TERNA will be a top addition to the portfolio of projects that implements.

“Inspire Athens”, the first integrated tourist complex with casino in Greece, consists of a luxury hotel, entertainment venues, conference center, shops, restaurants, as well as a complete range of high quality services. The project will help to inaugurate a new era of touristic development and economic prosperity for Greece and the whole region.

The flagship design of the building is a creation of the international architectural firm Steelman Partners, which specializes in the design and construction of IRC complexes.

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Shift2Rail approves €75.4m funding for 19 projects

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The Shift2Rail (S2R) joint venture (JV) has announced that it will provide up to €75.4m in funding for 19 projects worth a total of €147.7m under the 2020 call for proposals for research and innovation (R&I) activities.

S2R members will undertake eight projects worth €127.7m, with the JV providing €55.4m in funding. An additional 11 open call projects worth €22m have been approved, of which up to €20m will be funded by S2R.

A total of 242 participants will be involved in the projects, with 29% of these small and medium enterprises (SMEs).

S2R received 43 requests for a combined €113.3m in funding in the call for proposals, which was around 50% more than the funding available.

“This is an important transition moment for S2R and the rail research and innovation community at large,” says S2R executive director, Mr Carlo Borghini. “These new projects are our ticket to moving into the successor programme and beyond R&I to market uptake of our forward-looking solutions.”

S2R has invested its full budget of €400m over the past four years, resulting in the launch of research worth an estimated €1bn. Last year, S2R published the inaugural edition of its Catalogue of Solutions, which offers railway executives and buyers a clearer picture of what the rail solutions of the future will look like.

 

Source: railjournal.com

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Pyrgos-Kalo Nero road project in Western Peloponnese, signed

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Εργασίες ασφαλτόστρωσης οδοστρωτήρας

The important road project concerning the upgrade of road safety on Pyrgos-Kalo Nero axis was signed. The contractor of the project is ODOS ATE with a discount rate of 46.53%. It is a 54 km long interregional project. which includes works in both the Prefecture of Ilia and of Messinia, improving the characteristics of the existing section and increasing the level of road safety. The contracting authority is the Ministry of Infrastructure and Transport.

The project was signed on July 23 at the Ministry of Infrastructure and Transport, in Papagou. The initial cost of the project reached 19.8m euros (VAT incl., excl. VAT: 15.96m euros). The auction of the project took place on September 12 and the unsealing of the offers on September 18, 2019. A total of eight companies participated.

The duration of the contract is 730 days, i.e. 2 years. According to rough calculations, the projects, if there aren’t any delays during the construction period, will be completed in the middle of 2021.

The financing of the project will be covered by the NSRF 2014-2020 and more specifically by the O.P. YME-PERAA. It is reminded that Pyrgos-Kalo Nero was part of Olympia Odos until 2013. Then in the famous “restart”, the whole section from Patras to Tsakona was out of the scope of the project. This section also includes the area of ​​Kaiaphas, which has been designated as Natura.

The scope of the project is the implementation of short-term interventions in order to improve road safety featured on the road section of National Road 9 (National Road 9: Patra-South Messinia) “Pyrgos-Kalo Nero”, with a total length of 54 km, in the Regional Units Ilia (42 km) and Messinia (12 km).

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