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

Project description

Development of an intelligent & data-centric system for multimodal transport around a network of sensors providing real-time data regarding the status of vehicles, goods & infrastructures.

The project includes: (a) development of an intelligent network of sensors on vehicles, transport infrastructure and goods; (b) development of cloud infrastructures for the management and dissemination of data; (c) establishment of storage areas for data and applications aiming at the development and aggregation of data sets and applications that are based on the primary transport data collected through the network of sensors.

Country, Region

Greece [Aττική (Attiki)]

Greece [Κεντρική Μακεδονία (Kentriki Makedonia)]

Greece [Κρήτη (Kriti)]

Start date

October 2016

Estimated project cost

EUR 42 million

Sector

Other Digital, including Content and Services

New Technologies and Transport Greening

Asset ownership

Public

Project type

Brownfield

Project status

Planning

Revenue type

Regulated

Economic rationale / Business Model

The project aims to provide a sustainable infrastructure for the development of smart and data-centric applications for multi-modal transport modes. This infrastructure will allow the monitoring of transportation and transport routes, as well as of the combination of different transportation modes, will optimize the quality of collected data through the provision of value added services, will enhance the traceability and tracking of vehicles and the monitoring of movement of goods, thus contributing to a more efficient and effective management of transportations.
Moreover, the project aims to improve the quality and consistency of services provided to passengers, thus contributing to the increase of traffic demand. The project implementation will provide substantial benefits in management and monitoring of transportation, estimated at more than €50m per year in operational cost savings.
The proposed investment project demonstrates synergies with Public Sector Reform Projects related to electronic governance of the Ministry of Infrastructure Transportation and Networks.

Financing details

Financing source: PPP

The project cost breaks down: Development of GIS €2m. Supply & installation of sensors €15m. Development of information systems, infrastructures & applications €15m. Pilot implementation of the project, audits & certifications €10m. Project duration: 2 years.
The construction and operation of the project will be undertaken by a Special Purpose Vehicle (SPV). During the operational phase, the project revenues will come from commercial exploitation of services provided.

The promoter has received / applied for EU / EIB financing support 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

Intended co-financiers are EIB, EU, Private funding, Public sector.
The Ministry is currently elaborating a Feasibility Study.
The 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, contributes to ensuring full cooperation on infrastructure interoperability, contributes to catching up with delayed reform, restructuring and modernization of the transport sector, 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.