As a result, there are three applicants for his concession project. road axis Heraklion – Chania – Kissamos. This is the last of the major concession contracts of that period, with a total budget of more than 1.75 billion euros. This will be followed by an evaluation of the technical part and, after the summer, the opening of financial proposals.

According to a statement yesterday by Deputy Minister of Public Works Giorgos Karagiannis, the company submitted binding proposals yesterday. HEK TERNA and joint ventures Mytilene – actor Concessions and Avaks – Egis – Meridiam. “After four years of work, we are bringing to life a long-term dream of Crete,” he commented. According to what was announced, the financing of the contract will be covered by 600 million euros from Public And NSRF200 million euros from Recovery Fundand the remaining funds will be covered by the concessionaire.

The axis will have and toll booth, but which will have a mileage charge (i.e. the driver will pay on exits, depending on the distance traveled), and the state will subsidize the toll with an additional toll amount (the amount is subject to tender). As Mr. Karagiannis recently mentioned, subsidizing tolls is necessary since Chania and Heraklion, having both ports and airports, do not have significant traffic between them and therefore there is a need for a subsidy.

For the first time in our country, a “shadow paid” model will be tested – two more axles are subsidized due to low cross-country ability: E65 was subsidized until the renewal of concession agreements in 2013, when it joined the common “wallet” with the Ionian road. And the Corinth-Kalamata-Sparta highway is subsidized by a variable amount, as predicted by the financial model.

northern road axis Crete (BOAK) has a total length of 157 km and will be reconstructed in three different ways: the Heraklion-Chania-Kissamos section with a concession contract, the Hersonissos-Neapolis section with a public-private partnership (PPP) and the rest as a public project (Naples-Agios Nikolaos and Kalo Chorio – Fruzi bridge – Pachia Ammo bypass). The Hersonissos – Neapolis section, 22.5 km long, with a budget of 290 million euros, was recently handed over to the joint venture TERNA – Aktor Perachores – Intrakat. The section from Naples to Agios Nikolaos with a length of 14.5 km and a budget of 169 million euros was handed over to Aktor.

With regard to the process of concluding a concession agreement, Ministry of Infrastructure the process of reviewing the technical proposal of each candidate will now begin, and then proceed to the opening of financial proposals (of course, after the summer) and the selection of a temporary contractor. As long as there are no legal appeals (or after they have been considered by the courts), the contract will be sent to the Accounts Chamber and then sanctioned by law, like all concession contracts.