Improved road infrastructure means better journeys for all
Finalisation of a section of motorway will mean improved safety and travel times in the Greek region of Peloponnisos benefiting local people, businesses and tourists alike.
This section of motorway forms part of the trans-European transport network which aims to enable goods and people to circulate quickly and easily between the EU’s Member States and assures international connections.
It is a PPP (public-private partnership) and the contractor will be responsible for managing the works and operating the motorway thereafter. The contractor, Moreas A.E., will manage the works and will operate and maintain the motorway over the next 30 years. This 30 year concession is not subject to any discussions on potential restructuring or financing.
Reaching for higher standards
The project involves building and finalising over 200 km of motorway – 159 km of the Korinthos – Tripoli – Kalamata section and 46 km of the Lefktro – Sparti section. 100 km of this will be brand new motorway (which includes the Lefktro – Sparti motorway branch) and the rest is upgrading and finalising of the existing motorway.
Seven tunnels will be constructed, and any necessary archaeological works and changes to the public utility networks will be undertaken by the contractor. Dangerous curves will be straightened, lighting will be added and the median will be upgraded. This will make the entire motorway section homogenous in terms of standards and safety.
Benefits all round
In the region, the new and upgraded road will lead to improved safety which is much needed as currently the road has the highest frequency of accidents and loss of human life in Greece. Travelling times will be reduced significantly as a result of this project with 38 minutes being shaved off the Korinthos – Tripoli – Kalamata route, and the Tripoli – Sparti journey time will be reduced by 25%.
The prefectures of Korinthia, Arkadia, Lakonia and Messinia in particular will find their connection times greatly improved. By making these areas more accessible to each other and the rest of Greece, increased cohesion and cooperation is to be expected. Local industry and businesses will benefit from the improved travel times and this will directly affect productivity. In addition, improved transport in the area will benefit tourists and therefore the tourism industry.
The project will create 1 519 jobs during the 48-month implementation phase, with 165 jobs created during the operational phase.
Total and EU funding
The project “Finalisation of the road infrastructure of the motorway Korinthos – Tripoli – Kalamata and the part of Lefktro – Sparti” has a total eligible budget of EUR 705 378 615 with the EU’s European Regional Development Fund contributing EUR 252 159 069 for the 2007 to 2013 programming period.
Total InvestmentEUR 705 378 615
EU InvestmentEUR 252 159 069
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