(Adds details of the lease, financial advisers)
ATHENS Oct 5 Greece launched a process on
Wednesday for the lease of Egnatia Motorway, a major trade route
linking the country from east to west, and part of a bailout
agreed with its international lenders.
Kickstarting the process for the long-term lease over the
670 km Egnatia toll road, the country's privatisation agency
HRADF said it would invite a public consultation process,
culminating in the invitation of non-binding expressions of
interest in the project by Dec. 20.
The duration of the lease over the motorway, which crosses
through eleven major Greek cities in northern Greece, is 35
The objectives of the consultation would be to gauge the
level of interest in the project, and solicit ideas and views on
how the project could be optimised, HRADF said.
"Binding offers shall be submitted in November 2017," HRADF
said in a statement. It said it expected the tender process to
be concluded at the end of next year.
Egnatia is a major trade route in the Balkans, linking
Igoumenitsa port in eastern Greece to the Greek-Turkish border
to the west.
Greece's Alpha Bank were financial advisers to the
(Reporting by Angeliki Koutantou, editing by Louise Heavens)