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1. What is the Concession Agreement?

It is an agreement signed between the Public and Private Sector. Under such an Agreement, all or part of the Contractor’s fee, for executing a project, consists in the Contractor’s right to commercially exploit such project - or such right along with the payment of a fee from the State.

2. What is the project’s budget and how is it financed?

The Project’s budget amounts to approximately 1 billion Euros. Public funds finance the project by 30%, while the rest of the funding is assured by the Concessionaire, who collects tolls in return.

3. How are toll rates defined?

The toll rates are determined by the Concession Agreement (Law 3559/2007) and the Project’s financing plan, as agreed with the Greek State and the Lenders.

4. How much will toll rates increase in the future?

According to the project’s Concession Agreement, the toll costs in each motorway section is €0.04/km (2003 prices, excluding VAT), while toll rates are adjusted annually according to the yearly price index.

5. How are toll revenues used?

Toll revenue finance the repayment of the loans used on the Project’s construction, and also the operation and the maintenance of the motorway.

6. Who is exempted from paying tolls?

The categories of exempted vehicles are defined by the Concession Agreement and are as follows: vehicles of the Armed Forces, the Police and Fire Department, ambulances, as well as vehicles of the State and Company, which are involved in the construction and operation of the Project.