Greece - Invest Croatia · 2021. 3. 17. · Grant/CSF 18% EIB/State Guarantee 45% CB/Hermes Guarantee 16% ... PPP projects that fall under the PPP law (L/3389). ... – Tourism –
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Greece:Long History in PPPsBright opportunities for the future
Zagreb, February 2011
1RION-ANTIRION BRIDGE
Nikos Mantzoufas | Special Secretary for Public-Private Partnerships
Rion Antirion Bridge
Design, Construction, Financing,Maintenance and Operation of the Rion –Antirion Bridge.
The concession period is 42-years.
GEFYRA S.A.
Total Cost € 750 million
EIB Loan 49%
Share Capital 9%
State Financial Contribution 41%
• The bridge provides a permanent link:– Reducing crossing time to 5min (compared to 45min average before)– Improving crossing comfort to high standards and– Remaining in operation whatever the weather conditions.
• The Rion – Antirion Bridge is the longest multi-span cable stayed bridge ofthe World with its 2,252 meters’ deck and its 90 meters diameter.
• The PATHE axis is one of the key projects included in the priority list of Trans-European Network projects (TENs) approved by the Essen European Council.
• EIB’s support for the project underlines its catalytic role in helping to co-finance major infrastructure projects together with the public and privatesector (PPPs).
2
Athens International Airport
Design, financing, construction,completion, commissioning, maintenance,operation, management and developmentof the airport.
The concession period is 30 years
ATHENS INTERNATIONAL AIRPORT S.A.
Total Cost € 2,22 billion
Share Capital 8%
Grant/CSF 18%
EIB/State Guarantee 45%
CB/Hermes Guarantee 16%
Special Account 13%
• The beginning of operation of Athens International Airport “Eleftherios
Venizelos” on March 28th, 2001 marked the onset of a new era for air
transport in Greece.
• The new airport changed radically the image of the Greek capital and
quickly developed into the most important air-hub in Southeastern
Europe.
3
Athens Ring Road
Total Cost €1,24billion
Share Capital 13%
Grant/CSF 33%
EIB/State Guarantee 42%
CB 12%
Design, Construction, Financing,Maintenance and Operation of thering.
The concession period is 23 years
ATTIKI ODOS S.A.
• Attiki Odos is a closed toll motorway, extending along 65 km.
• Constitutes the ring road of the greater metropolitan area of Athens and abackbone of the road network of the entire Attica region connecting thirtymunicipalities of the metropolitan area and major road, air, sea and railtransport infrastructures.
• Construction of the project began in 1996.
• The Attiki Odos is incorporated in the Trans-European Networks (TEN). It is apriority project aimed at developing the greater area of Athens and Greeceas a whole.
• An extension of the Attiki Odos motorway has been planned since 2005. Thenew section could be up to 76km and will be constructed towards Rafina,Lavrio and Vouliagmeni (total length will then be 141km).
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Common Characteristics
• Procured and monitored by the Ministry of Infrastructure,
Transport and Networks
• All co-financed by EU funds
• The contracts had to be ratified in Parliament as distinct laws
• Free standing projects
Need for a legal framework that…
• Enables the wider implementation of PPPs
• Overcomes obstacles that delayed the implementation of projects
• Overcomes the legal gap that led each co-financed project to the
Parliament for ratification
Clear legal framework
smooth and transparent
tender process
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PPP Law 3389/2005
• Clear approval process – centralized control by the InterministerialCommittee for PPPs (ICPPP)
• Award procedures clearly drafted in coordination with EuropeanDirectives
• Specified contractual framework - minimum content of a PPP contract
• Incentives for the private sector – ie. fast track provisions for the grants of authorisations and permits
• Continuous follow-up by the Special Secretariat for PPPs which facilitates and administers projects.
• Provisions include implementation of projects featuring both availability payments and users fees
Major infrastructure concession projects fall within the jurisdiction of theMinistry of Infrastructure, Transport and Networks.
All other PPP projects are procured by other Public Sector ContractingAuthorities, controlled by the Ministry of Economy, Competitiveness andShipping (Law 3389/2005) and fall into all other sectors.
The PPP Law was ratified by
the Greek Parliament in
2005.
“Umbrella” framework
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PPP Unit
The Special Secretariat for PPPs within the Ministry of Economy,Competitiveness & Shipping is responsible for the supervision of allPPP projects that fall under the PPP law (L/3389).
• Solid and clear structure
• Public sector’s partner
– Identification of possible projects
– Assistance to public authorities
– Standardization of tender documents
– Continuous follow-up
• Private sector’s partner
– In touch with market’s needs
– Extroversion
Clear legal framework
smooth and transparent
tender process
7
Clear PPP policy
According to recent decisions by the Inter-ministerial committees, theprojects to be tendered within the next two years relate to theprocurement of social infrastructure projects (availability basedprojects) of approx 2bn euro in the following sectors:
– Education
– Waste management
– Transport management systems
– Public buildings
Open consultation with regional governments and municipalitiesall over Greece, for the identification and promotion of new PPPprojects, focusing on sectors such as:
– Energy
– Tourism
– Environment
– Transportation
– Urban development
– New technology
“Wider implementation of smaller
scaled projects stemming from
municipalities for boosting regional
development”
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Project Pipeline
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April 2009 - Financial closing: 7 Fire Stations
End 2010 - Selection of preferred bidder: 14 school buildings in Attica
In 2011 - Selection of preferred bidder: 10 school buildings in Attica
- Expecting Financial Closing: Police Directorate Building in Piraeus
Tenders in process
- School buildings in Central Macedonia
- Students’ accommodation facilities
- Waste management in Western Macedonia
- 12 police stations
- Court of Justice
To be tendered
- Waste management project in Thessaloniki
- Urban transportation - Telematics & automatic fare collection systems
- Kastelli International Airport in Heraklion Crete.
- New Logistics center in Thriassio
Large infrastructure projects
Smaller infrastructure projects
Blending EU funds in PPP projects
• Utilization of EU funds for PPP projects, via the JESSICA initiative
• Within JESSICA, target loans will complement public resources(Community and national) for actions within the Operationalprogrammes supported by the Structural Funds.
• A EUR 258 mn JESSICA holding fund has been set up, which willdeploy EU Structural Funds in support of integrated andsustainable urban development PPP projects.
JESSICAJoint European Support for Sustainable Investment in City Areas
Projects are being supported by the European Investment Bank.
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Initial investment cost €26 million
EU funding 10 mio
Share Capital 16 mio
• Design, financing, setting in operation, maintenance and facility managementof an Integrated Telematics System for providing information to the users ofETHEL (Thermal Bus Company) and ILPAP (Electric Buses of the Athens andPiraeus Region) and managing their fleet of vehicles.
• The duration of the partnership is 12 years.
Integrated Telematics System for providing information
Part of the strategic targets of the
"Athens Urban Transport Organization"
aiming to the quality upgrade of civil
transport and working conditions of
the staff
• Operation Costs : The contractor will undertake the sum of the costs formaintenance, technical assistance, the system’s upgrading and operation.
Blending EU funds with PPP projects
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A unique PPP project which effectively blends EU funds and
private funds.
• On-going enhancement of Greece’s role in international PPPactivity.
• Direct cooperation with European PPP Expertise Center (EPEC) onpolicy matters.
• The Special Secretariat for PPPs is member of the Team of PPPSpecialists of the United Nations Economic Commission for Europe(UNECE).
• Direct collaboration with the European Investment Bank (EIB) forprojects’ financial support
• On-going cooperation with the World Bank for the operations ofthe South-East European and Mediterranean Network for thediffusion of know-how on PPPs, based in Greece.
• Delegations from countries such as Egypt, Jordan, Bosnia, Bulgaria,Latvia, Cyprus and Ukraine visit Greece in order to obtain know-how and expertise from the Greek authorities.
“The Greek PPP market is one of the
fastest growing PPP markets in
the world”
The World Bank
Greece: Focal point in regional PPP practice
Greece is a focal point on themap of PPPs across Europe
13RION-ANTIRION BRIDGE
Public Private Partnerships in Greece
A lever for
Further blending of EU funds in concession and availability projects
And
Wider use of Jessica initiative
Nikos Mantzoufas | Special Secretary for Public-Private Partnerships
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