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 –

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

5

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