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Three new PPP projects with a total investment cost of € 300 million were approved.

Three new PPP projects with a total investment cost of 300 million euros were approved today by the Interministerial PPP Committee, chaired by the Deputy Minister of Development & Investment Mr. Nikos Papathanasis.

These are the projects:

A. “Operation and maintenance of the Thessaloniki Metro Network with PPP”

The Thessaloniki Metro project, with the contracting authority Attiko Metro SA, is expected to significantly reduce traffic difficulties and upgrade the city’s public transport infrastructure by reducing pollution levels. It will also strengthen the local economy, improve the quality of life and safety of residents and visitors, and create new jobs.

Strengthening the local economy and creating new jobs working in the local economy and creating new jobs

B. “Utilization and Development of the former Ladopoulos Paper Mill Factory (EGL). With PPP”

The project of utilization of the former Ladopoulos Paper Mill with the contracting authority of the Region of Western Greece, envisages the development of a modern, sustainable and technologically advanced building complex that will integrate the historical past of the area and will connect the beach with the urban fabric. This project saves energy resources, serves public needs by creating a Museum, Music School, nursery school, etc. while fully utilizing the existing building potential with tourist facilities, restaurants, exhibition space, etc. The project will be partially funded by of the Recovery and Durability Fund.

C. “Erection and Operation of the Court of First Instance and the Athens Prosecutor’s Office with PPP”

The project concerns the financing, design, construction, operation and maintenance of the buildings that will house the Court of First Instance and the Athens Prosecutor’s Office with the contracting authority being the Ministry of Justice. The aim is to create functional buildings, to upgrade the quality of the services provided to the citizens and to speed up the procedures for the more efficient operation of the judicial services with the use of modern technologies. The project will be partly funded by the Recovery and Sustainability Fund.

After the meeting, the Minister of Development and Investment, Mr. Adonis Georgiades noted that “the approval of three new PPP projects with a total budget of 300 million euros confirms the commitment of the Government to use Community funds for the implementation of projects with the partnership of public and private bodies. These projects give impetus to the development and transformation of the Greek economy “for the benefit of the whole society. Despite the adverse conditions we continue to be dynamic.”

On his part, the President of DESDIT, Deputy Minister of Development and Investment Mr. Nikos Papathanasis“Public-Private Partnerships are an important driver of growth and a strategic pillar of government policy. The projects we have approved today as an Interministerial Committee significantly strengthen local communities not only by improving the quality of life of our fellow citizens but also “The creation of new jobs during the construction but also during the operation of these important projects. PPP projects contribute significantly to the modernization of all the Regions of Greece with a new development model that looks to the future.”

The Secretary General of Private Investments and PPPs Mr. Orestis Kavalakis “Today, three new PPP projects were approved: the utilization and development of the Ladopoulos EGL Factory, the construction and operation of the Athens Court of First Instance and the Athens Prosecutor’s Office and the operation and maintenance of the Thessaloniki Metro. The PPP portfolio is enriched with new projects, necessary and very useful for the citizens and the local communities “.

The Interministerial Committee was attended by the Minister of Finance Mr. Christos Staikouras, the Minister of Development & Investment Mr. Adonis Georgiadis, the Minister of Infrastructure and Transport Mr. Costas Karamanlis, the Minister of State responsible for the Coordination of the Government, the Minister of Government Mr. Costas Tsiaras, the Deputy Minister of Finance Mr. Thodoros Skylakakis, the Deputy Minister of Interior Mr. Stelios Petsas, the Deputy Minister of Environment and Energy Mr. Nikos Tagaras and the Deputy Minister of Infrastructure and Transport Mr. George Karagiannis.

Also present at the teleconference were the General Secretary of Private Investments and PPPs Mr. Orestis Kavalakis, the Regional Governor of Western Greece Mr. Nektarios Farmakis and the Managing Director of HRDH Mr. Panagiotis Stampoulidis.

Source: Capital

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