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Market to be ‘flooded’ with project tenders – What is expected in 2020

Νίκος Καραγιάννης

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Μετρό Γραμμή 4

The projects’ pipeline is rich for the construction market. The title could be ironic as the industry is going through a dry season. However, we are at the end of this prolonged period and the long desired… rainy season, or in our case the projects, won’t be too late.

This “investment shock” demanded by the construction market may not have arrived yet, but the projects that are in the bidding process are so many that all it takes is one by one to get in line for the contracts’ signings in order to for a more sustainable period to begin.

What makes a great impression is the penetration of PPP projects in the construction sector. Among the ongoing competitions, almost half are PPPs which as we have mentioned in a previous article, have conquered the world of projects generation in the country.

The great project regarding the extension of the cruise pier in Piraeus Port, which is signed today, marks the start of the new period.

It is a 160m euro project and is expected to give a first big relief. Many tenders that have been accumulated since 2018 are largely the result of a period of litigation. But let’s see exactly what happens to the most important of them.

‘Mature’ projects

Athens Metro Line 4: The two finalists AKTOR and AVAX have filed appeals to the Council of State. Depending on the decisions, we will proceed -sooner or later- to the signatures of the largest Metro project of all time in the country. This will probably happen towards the end of the year, provided that there won’t be further setbacks.

Thessaloniki Port Pier 6 completion: This is a 170 million euro project has attracted the interest of 7 consortia, which is -admittedly- a great success. By the summer (as it is an entirely private project), the contract is expected to be signed. It will be the first major project for the city, since ‘Makedonia’ Airport, which will be completed this year.

Paleofarsalos-Kalambaka and Kiato-Aegio electrification: These two projects, at a cost of approximately 140m euros have been stuck due to legal disputes. ERGOSE is awaiting the verdicts of the Council of State in order to move forward and complete the procedures. One possibility is for that to happen in the summer.

Crete-Attica electrical interconnection: A major energy project that is at a very advanced tender stage. According to recent information the construction phase will begin in the summer. The total cost of contract exceeds 1.3bn euros.

Eight PPP School Units in Chania: The tender was launched a year ago and a total of 4 companies expressed interest. We are now expecting the tender to mature. Signatures could be expected sometime during this uear. Its cost reached up to 50m euros.

Thriassion Freight Center: This turbulent tender is at the end of its course. After a process full of suspense and many letters with the European Commission, it all shows that we are getting close to the ‘happy end’. Here we have a 120m euro projects that Mytilineos has secured.

‘Immature’ projects

PPP Student Dorms at the University of Crete: The tender started yesterday with strong participation of seven figures. The cost exceeds 250m euros and is the largest building project in many years. It’s too early to talk about signatures.

Kalamata-Pylos-Methoni Road Axis: The tender started last summer with 5 consortia. This year, the project is expected to ‘mature’ and consequently to be signed in 2021.

Salamina-Perama Underwater Road Link: An ‘ancient’ competition that has been running since 2016. Three J/Vs claim this great 400 million-euro project. Signatures are expected in 2021.

There are also smaller projects such as Thermi-Galatista and AEK F.C. Stadium, for which INTRAKAT is the underbidder.

Tenders that are ‘in the queue’

On March 18, the tender will be launched for the large-scale PPP project for the Research Center of the Athens Academy with 89m euros. By the summer, it is estimated that the tender for Aktio-Amvrakia Motorway ‘sweep’-contract will be also launched again.

The tender for the connection of Pier 6 to PAThE Axis, Havria Dam in Chalkidiki and 17 schools in Thessaloniki-Katerini (both PPPs), Phase 2 of Faliro Bay and Athens Central Railway Station renovations and the electrification for Aegio-Rio and Larissa-Volos railway sections.

Projects being prepared

The biggest of all is that of Hellinikon which has its own peculiarities. In terms of preparation, there are also three major hospitals in Komotini, Athens and Sparta by Stavros Niarchos Foundation and the northern part of E65 Motorway, from Trikala to Egnatia.

For these two projects, we will probably see the beginning of construction in 2021. Preparations are also underway for flood protection projects, worth 350m euros, by the Ministry of Infrastructure and Transport. These projects are expected to be activated in 2020.

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Twelve major infrastructure projects promising to upgrade Thessaloniki

ypodomes team

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The General Secretary of Infrastructure, Mr. George Karagiannis, spoke to Thessaloniki news website, voria.gr, about 12 major projects for the city and the wider region.

Most of them are known and the Ministry’s goal is to implement them, reversing the city’s negative past experiences concerning the projects. Some of them are already under construction, while others are in advanced preparation or planning, making their way to their tenders.

According to Mr. Karagiannis, the 12 major projects in the region are the following:

1. Thessaloniki Metro (Main line and the extension to Kalamaria), which is now at a very advanced stage.

2. Completion of Egnatia Motorway vertical axis Thessaloniki-N. Moudania-Potidea, with 14.5m euros

3. Completion of road safety upgrade works on Thessaloniki-Polygyros axis, in the section Thermi-Galatista, with 29m euros.

4. Completion of the road connection between the 6th pier of Thessaloniki Port and PATHe motorway axis, with 75m euros.

5. The proposed PPP project regarding the upgrade of the eastern internal ring road (aka flyover), with an indicative budget of 350m euros.

6. Rainwater drainage of Kalamaria Municipality southern section, with 12m euros.

7. Flood control works in the wider area of ​​”Lachanagora”, with 33m euros.

8. Construction of 17 new school units using the PPP method, with an estimated cost of 153m euros.

9. Installation of signaling systems and ETCS-LEVEL 1 on the single-track railway line Thessaloniki-Eidomeni, with 46m euros.

10. Thessaloniki-Mouries road project, with 65m euros

11. Upgrade-electrification of the railway line Thessaloniki-Promachonas, with 150m euros.

12. Connection of the Thessaloniki Port 6th Pier with the national railway network. This project proceeds with the method of the competitive dialogue.

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Updated plans for Patras new railway connection projects to be presented in July

Νίκος Καραγιάννης

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Σιδηροδρομικός σταθμός με ηλεκτροκινούμενες γραμμές

The Minister of Infrastructure and Transport, Mr. Kostas Karamanlis, intends to present his plans on how the modern railway will finally reach the city of Patras. According to information of ypodomes.com, the Ministry of Infrastructure does is not opposed to the solution of the undergrounding but to the complete undergrounding of the lines, a project that cannot be financed due to its very large budget.

The solution proposed by the Ministry

The solution to which the Ministry of Infrastructure and Transport is oriented, according to information of ypodomes.com, and which is the subject of negotiations with the competent directorates of the European Commission, presents, as noted by sources close to the case, many advantages:

At first, it accepts the fact that both intecity and suburban railway will become a valuable element of the city’s development. Regarding the layout, it provides for surface passage with a double-track electrified line from Rio to Aghios Dionysios (where a new modern central station will be built). In this section, 2 or 3 immersions of 100 meters each, have been planned in Bozaitika, Panachaiki and Agyia areas.

In addition, this solution involves another immersion of the section between Aghios Dionysios nad Aghios Andreas (with the cut and cover method) with a single-track line aiming to open the city to the seafront and achieve access of the railway to the port. At the same time, the Suburban Railway will operate in a boxed surface passage.

Along with the solution that will be proposed, the implementation of major interventions in the operation of the city is included, such as e.g. renovation of junctions and parking spaces in order to solve traffic problems. For this purpose, an architectural tender is being promoted by the Ministry of Infrastructure and Transport in order to highlight the coastal front of the city.

At the same time, as the same sources point out, it enlivens the port, strengthens combined transport (i.e. the railway and sea transports, cruise ships and intecity buses). According to the same information, the solution is feasible and has a secured budget of less than 200, euros, from NSRF.

The solution, if implemented, provides for the rapid maturation and execution of the projects and stops the idiosyncratic railway isolation of Patras from the country’s national railway network. It also achieves in a reasonable time the arrival of the railway in the port, giving new great development opportunities to the business community and the industrial area of ​​the city.

It is worth mentioning that the project for the connection of Patras with the modern railway, is the basis for the subsequent connection to Ilia prefecture in the south, etc.

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GEK TERNA: 1.7bn-euro backlog, strong profits and new projects

Νίκος Καραγιάννης

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Γιώργος Περιστέρης

A backlog of 1.7b euros was announced earlier today by GEK TERNA in a press release on the annual financial results for 2019, maintaining strong prospects of healthy construction activity for the coming period.

The new projects undertaken by the Group concerns -among others- the construction of the new Heraklion International Airport in Kastelli (Crete), the construction of the southern section of Kentriki Odos-E65 Motorway, the participation in the reconstruction of Tesla Airport in Belgrade (Serbia), the development of Cyprus Casino in Limassol, as well as a number of other projects both in Greece and abroad.

The construction turnover for third parties last year amounted to 679.8m euros, compared to 94m euros in 2018. Also, operating profit(adjusted EBITDA) stood at 10.9m euros compared to 32.1m euros in the previous year.

As the Group’s CEO, Mr. Giorgos Peristeris commented on GEK TERNA’s investments: “We have already launched a broad investment program of about 3b euros in the sectors of clean energy, energy storage with pumped storage hydropower, gas-fired power plants, environmental projects and waste management infrastructure, while we expect developments in new investment initiatives in which we participate, worth more than 1bn euros.”

It is noteworthy that the total power of the Group’s RES facilities in operation or under construction now reaches 2,000 MW. Investment in the clean energy sector alone reached 260m euros.

In the concessions sector, a new addition has been the concession company for the new International Airport in Heraklion, for which the concession contract was signed with the Greek State on February 21, 2019. On March 27, 2019, the Group, through TERNA Energy, put into operation Epirus Waste Treatment Unit with an average annual capacity of 105,000 tons. The total equity amounted to 767m euros.

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