This project was submitted in the following language: English (en).

Project description

Design, Construction, Financing, of the Athens Metro Line 4, Section Alsos Veikou - Goudi, 12.3 km long, including 14 metro stations.

The project includes the design, construction and financing of a section 12,3 km long of the Athens Metro, Line4, Section Alsos Veikou-Goudi. The project includes 14 metro stations with platform screen doors (Alsos Veikou- Galatsi-Kypseli-Dikastiria-L.Alexandras-Exarchia-Akadimia-Kolonaki-Evangelismos-Kaisariani-Near East-Ilisia- Zografou-Goudi), double-track tunnels, 18 new automatic driverless trains, a new maintenance and repair station and a new Operations Control Centre for all Metro lines.

Country, Region

Greece [Aττική (Attiki)]

Start date

June 2017

Estimated project cost

EUR 1500 million

Sector

Urban Mobility Projects

Asset ownership

Public

Project type

Greenfield

Project status

Structuring

Revenue type

availability payments+State Financial Contribution

Economic rationale / Business Model

This section of the Athens Metro will provide transportation services to many important facilities, such as Hospitals (Hospital for Children, “Laiko” Hospital), Universities (National Technical University of Athens (NTUA) in the city centre, University of Athens in the city centre, Law School, Technical University Campus, University Campus, School of Dentistry), the Courts area, regions with increased professional and commercial activities etc. It is foreseen that it will serve 220,000 passengers daily. It will take approximately 10 min to travel from Alsos Veikou to the city centre, and approximately 5min from Zografou area to the city centre.
The project will increase the Metro branches with five (5) transfer stations to Lines 1, 2 and 3 and decongest the existing Metro stations, where there are a constantly increasing number of passengers (Syntagma, etc.). It is anticipated to upgrade significantly the quality level of life in urban areas through optimization of travel time and reduction of noise levels and environmental pollution, given that it will reduce the number of circulating private vehicles (approx. 53.000 daily).

Financing details

Financing source: PPP

The project cost breaks down: CW: €870m (58%), E/M systems: €390m (26%), Rolling stock: €240m (16%). The project duration is estimated at 8 years.
The proposed business model is that of a PPP. During the operational phase, the project revenues will come from ticket sales, advertising, parking fees from transfer stations, other commercial activities, as well as availability payments by the state.

The promoter has applied or has the intention to apply for EU or EIB financing related to this project

Existing or potential bottlenecks for the realisation of the project / Potential risks

The pending introduction to the Greek Parliament of legislation regarding public works and permitting as well as of legislation that integrates 2014 EU Directives 23, 24 & 25, regarding public procurement contracts, will lead to the resolution of potential risks and / or bottlenecks relating to the process leading up to the contracting stage and to the monitoring of the project for the whole period of construction and operation.

Project additional information

Τhe proposed investment project: advances the continuous integration of transport infrastructure and transport policy development, promotes European Infrastructure Standards, optimizes accessibility facilities, strengthens Interconnectivity and Regional Integration, addresses the functioning city including peri-urban zones, contributes to ensuring full cooperation on infrastructure interoperability, contributes to the eclipsing the delay in the reform, restructuring and modernization of the transport sector, should involve all relevant actors, notably Member State authorities, regional and local authorities, the industry and the business community.

Publication: 30/05/2016 | Last update: 22/02/2017

The Commission gives no warranty and makes no representation, whether expressed or implied, that the Project Information is error free. The Project Information is provided without any guarantees, conditions or warranties as to its accuracy.