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Public Works: Projects and budgets increased, discounts remain high

Newsroom Ypodomes.com

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Discounts on public works remained very high in the first eight months of 2020 and there are many more projects and increased budgets. According to data collected by SATE, the average discount given to the tenders held reached 51.26%, which is still more than half of the project budgets.

Compared to 2019 there is very small improvement as the corresponding period the discounts moved to 52.2%, however the percentages given are still disappointing. The coveted legislative intervention is hgihly awaited by the industry as significant corrective interventions have been made in order to stop the phenomenon which is proven to create serious problems for the companies that provide the provide the project, as well as its execution and consequently for the entire construction market.

However, from the available data, the increase in the number of projects tendered by the contracting authorities is most encouraging. According to what is recorded by SATE, in the first eight months of 2020 we had the announcement of 480 public works, while in the same period last year we had 417 projects, i.e. 63 more projects or an increase of 15.3%.

Increase in project budgets

Also another positive element in this year’s competitions is the increase in the average budget per project which is significant. During the first eight months of the last year the average budget per project was 3.9 million euros. This year the average is 5.2 million euros. In other words, we observe an increase of 1.3 million euros or 33.5%.

Gathering the above data we can conclude that in the 480 public projects announced this year we had a total budget of 2.5 billion euros compared to 1.63 billion euros last year, ie they fall in the construction economy 1.31 billion euros more.

It must be clarified that the above data for the discounts come from a total of 297 tenders this year that had results (ie bidders) and 211 respectively last year.

Why is it so important to improve discounts?

Seeing not only the increase in the budget of the projects, but also the stagnation in the submission of excessive discounts, creates an image that has two sides. Keeping in mind what happens to most projects that are awarded with very high discounts, the budget and the number of projects can greatly improve the image of the industry, but there is also the downside.

The projects with big discounts present problems in their duration, in the inability of the contractors to respond (precisely because of the higher discounts) and many of them end up in a dead end or in continuous requests for additional contracts.

As a main consequence, the above increased budget that we have observed takes much longer to be absorbed, and as a result it is not distributed with the right way in the real economy

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The CoS speeds up the Casino and the investment in Hellinikon

Newsroom Ypodomes.com

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Καζίνο Ελληνικό Mohegan ΓΕΚ ΤΕΡΝΑ

Today is a big day for the upcoming investment in Hellinikon. According to secure information from ypodomes.com, the Council of State recently rejected the appeal of Hard Rock, paving the way not only for the casino, but also for the entire investment of 8 billion euros, since the contract for the casino is a deferral decision for the development plan in Elliniko. According to the same information, a relevant announcement is expected to be issued within the day.

This decision will trigger a series of chain developments which will bring us very close to the start of the main project, in 2021. Regarding the implementation of the largest building project in the country for the development of Integrated Resort Casino in Elliniko, the road is now open for Gaming Supervision and Control Committee (GSC) to complete the competition.

The next step is to invite the Mohegan-GEK TERNA consortium that has become a temporary contractor to unseal its financial offer (its technical offer was approved two months ago).

If the price is considered satisfactory, then the tender is awarded in favor of the Mohegan-GEK TERNA scheme which will be declared contractors of the project.

The relevant contract will then be sent to the Court of Auditors for approval, followed by its ratification by the Greek Parliament to reach the moment of signing.

The casino .. unlocks Lamda’s investment

It is certain that the Ministry of Development and Investments will smile today, as of course the HRDH that conducts this “eternal” competition. With the competition for the casino “speeding up” it is as if we have the key that unlocks the investment of Elliniko by Lamda Development. An investment that has been a government priority on which are based great hopes for the development course of the country.

Regarding the project that has the name “Inspire Athens”, an investment of 1 billion euros is foreseen with the approximately 600 million euros being the purely construction part. The mega-project is planned to be built in the area of ​​Agios Kosmas and will be an independent investment independent of the investments that Lamda Development has committed to make.

It will be the first integrated tourist complex with casino (Integrated Resort and Casino – IRC) in Greece, consisting of a luxury hotel, entertainment venues, conference center, shops, restaurants, casino, as well as a complete combination of high quality services.

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The Thessaloniki Metro Development Study has been signed

Νίκος Καραγιάννης

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A very important contract for Thessaloniki was signed yesterday at the offices of Attiko Metro and concerns the famous Thessaloniki Metro Development Study. It is essentially the beginning for the investigation of the needs of urban transportation and their imprinting for the creation of a future dense Metro network that will cover the entire urban complex of the city.

The signatories of yesterday’s ceremony were the CEO of Attiko Metro SA. Mr. Nikos Kouretas, the president of Α.Μ. Nikos Tachiaos and the President of the design company ADT OMEGA SA Mr. Charalambos Andrikopoulos.

The purpose of the study is to investigate the needs for new Metro projects after the implementation of the Main Metro Line and the Expansion to Kalamaria and to formulate a Metro Network Development Plan in Thessaloniki, in the framework of an updated Transport Plan for the city, with a planning horizon of 2040. The Study will also identify the needs of travel demand and related infrastructure projects in Thessaloniki.

The study includes:

1. The current situation in the whole Prefecture of Thessaloniki (movement of 12,000 households selected by random statistical sampling, Declared Preference survey, inventory of road network characteristics, roadside survey and public transport survey). These surveys will be carried out in the next standard traffic period (March – May 2020), in order to have sufficient preparation and to mitigate the effects of the coronavirus on daily movements.
2. Analysis of the current situation.

3. Configuration of alternative scenarios of transport infrastructure networks.

4. Development of a transport model.

The total duration of the contract is 2 years. The main staff of the study team consists of 22 experienced traffic engineers and other scientists. Mr. George Nellas has been appointed General Coordinator (Project Manager) responsible for the execution of the respective study in Athens.

ADT OMEGA will also be assisted by the company SYSTEMA, which has participated in the drafting of the National Strategic Transport Plan of the Country. It is estimated that more than 100 people will be employed during the surveys.
The estimated remuneration of the works was 2,990,000 euros plus VAT and the discount given was 32.7% as revealed to you by ypodomes.com.

Satisfaction from Attiko Metro-ADT OMEGA

The President of ATTICA METRO SA, -a first-hand knower of the conditions in the co-capital- Nikos Tachiaos, said he was happy to sign the contract because using the traffic forecasting model that will be produced by the Study, there can be designed in a rational way, not only the extensions of the Thessaloniki Metro, but also the entire traffic network of public and private means of transport in cooperation with the city’s bodies.

Mr. Panagis Toniolos, executive of ADT OMEGA and President of SEGM, praised the executives of ATTICA METRO for the exemplary professional treatment of the assignment process and pointed out the fact that this study is a real “infrastructure study”, necessary for the rational planning of transport infrastructure of Thessaloniki corresponding to the Athens Metro Development Study prepared in the period 1996-2000

It is to be reminded that the submission of bids took place on May 29, 2019, from where the contractor of the project emerged. The research – due to coronavirus – is expected to take place in the spring of 2021, however, the necessary actions for the implementation of the surveys will start immediately.
In fact, according to information from ypodomes.com, ADT OMEGA intends to open an office in Thessaloniki, to ensure the best possible result by being really present in the field of research.

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The extension of Metro Line 3 to Piraeus “speeds up”

Νίκος Καραγιάννης

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Σταθμός Μετρό υπό κατασκευή

Two months after the extension of Line 3 from Agia Marina to Nikaia, everyone’s eyes are turned on the second half of the project, which is the final extension of the Line to the port and the center of Piraeus.

The three stations under construction of Attiko Metro are: MANIATIKA, PIRAEUS and MUNICIPAL THEATER. With the operation of the new terminal of Line 3, Metro will now have managed to reach the “heart” of the city, serving the economic and commercial zone of Piraeus.

The critical station in the port

According to information from ypodomes.com, the works at this time go underway without any hurdles. The most pleasant, according to the same sources, is that the critical point of the works, which is none other than the construction site for the construction of PIRAEUS station, opposite the port of Piraeus, has now reached a good pace.

The progress is stabilized and in fact the work was not stopped even in August, in order to make up for lost time. The foundation slab has been completed and the works for the construction of the load-bearing structure (i.e. the station) from reinforced concrete are in progress.

MANIATIKA station is moving in a more advanced pace, as the concreting works have reached the waterproofing of the roof slab and the main entrance of the station, i.e. at the height of the street.

Even more advanced is the station DIMOTIKO THEATRO where the architectural finishing works have started, while in the underground part of the station the concreting of the permanent padding, walls and dock slab has been completed.

The tunnel from Nikaia to the Municipal Theater and consequently to the end of the line, has been completed for a long time, but it needed to be drilled for the construction of PIRAEUS station, as it had been passed earlier to gain construction time.

The work that remains to be done is the construction completion of the stations and the surface areas that are currently construction sites, the completion of the superstructure (lines), the E / M systems and the completion works.

2022 is the goal year

The goal of Attiko Metro is -after the success of the delivery of the first half of the expansion in the summer- to deliver in operation the rest of the project by 2022, by completing a ten-year effort since its construction began. It is to be reminder that the project is part of the overall expansion of Line 3 from Agia Marina to the Municipal Theater of Piraeus, costing 730 million euros with the contractor AVAX-GHELLA-ALSTOM. The financing of the project has been covered by the NSRF 2007-2013 and NSRF 2014-2020.

With the operation of the Nikaia-Municipal Theater extension, Line 3 will reach 27 stations and will become the largest in the network. PIRAEUS station will become the largest transport hub of the capital, bringing together two Metro stations (as well as the surface station of Line 1), the Suburban (at a distance of 50 meters) the Tram (at a distance of 100 meters), bus lines, trolleys and just opposite will serve the port.

The terminal DIMOTIKO THEATRO will also be connected with a tram stop and buses and will be an important transport hub for the city of Piraeus

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