Athens-Corinth-Patras highway
Holding:
36.03%
End of contract (year):
2044
Length:
277 km
VINCI Concessions acquired the concession contract for the Athens-Corinth-Patras motorway until 2038 through the company Olympia Odos in which is the main shareholder, holding a 36.03% stake.
The project includes designing, financing, building, operating and maintaining sections of toll road between Elefsina in Corinth and Patras totalling 201.5 km.
In March 2022, Olympia Odos signed a contract with the Greek authorities to extend the concession. A new a 75 km section of the motorway will reach the city of Pyrgos in the west of the Peloponnese peninsula. VINCI Concessions and its partners are responsible for the design, financing and construction of this new section, which it will then operate until 2044. The concession company will be remunerated in the form of the tolls charged.
Olympia Odos is today one of the busiest and most strategic highway corridors in the country, with 56,3M transactions in 2023 (+8,6 % compared to 2022).
CHALLENGES MET
Developing smart infrastructures
VINCI Highways has achieved a major breakthrough in the monitoring and preventive maintenance of tunnels operated by its subsidiary Olympia Odos on the Athens-Patras motorway. The Smart Tunnel system collects data on equipment in real time to ensure the monitoring and preventive maintenance of motorway tunnel equipment for the benefit of users and their safety. This innovation won a double award at the Facilities Management Awards 2020, the leading event in the sector in Greece.
Preserving the environment
VINCI Highways actively supported the initiative to protect and conserve wild species, especially bats, along the Athens-Patras highway. In the Panagopoula area, the highway crosses drainage tunnels that are home to colonies of six species of bats that are part ofthe NATURA 2000 network for protected species. The designation was made as part of the LIFE-Nature program, the European Union’s funding instrument for the environment. As part of the network, any humanmade work in the area must evaluate beforehand the effects on the bats’ dwelling environment. The European NATURA 2000 aims at ensuring the long-term conservation of the most valuable and threatened species and habitats.
Maliakos-Kleidi motorway
VINCI Concessions was awarded the concession contract for the Maliakos-Kleidi motorway through its subsidiary Aegean ...
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