The Greek State, in recognition of the potentials and know-how of ATTIKO METRO S.A., for the construction of major transport infrastructure projects, through a recent legislative regulation, (Article 145, Law 4070/ 10.4.2012), integrated the following fields into the Company’s objectives and business activities:
||Implementation of urban interventions, re-development of public areas, pedestrianization works or other traffic arrangements in the wider area of the Projects falling under the Company’s scope of activities, i.e. in the framework of METRO and TRAMWAY Projects.|
||Preparation, on behalf of third parties in Greece and abroad, of transit and transportation projects’ designs of any type and phase, organization and management designs, research programs, as well as the provision to third parties of services for supporting and managing corresponding projects, all against the respective fee.|
The first legislative regulation solves a major problem involving the local communities and the municipalities where Metro or Tramway projects are constructed, since it has been ascertained that, frequently, there is the need to implement supplementary works that either enhance station accessibility or ensure environmental protection in the areas around the stations, where, due to increased vehicular traffic mainly towards the Metro Stations, traffic problems or uncontrolled parking related issues are often observed in the local road network. Thus, through this regulation, ATTIKO METRO S.A. is given the option to perform similar works aiming at improving accessibility, re-development and environmental protection conditions in the wider area where works are executed.
In addition, this regulation gives ATTIKO METRO S.A. the possibility to expedite the implementation of the project concerning the re-development of Panepistimiou Street and, in general, of the centre of Athens, in combination with the extension of the Tramway network from Syntagma to Ano Patissia (Aigyptou Square at a first phase).
The second legislative regulation, acknowledging the experience and technical skills of ATTIKO METRO S.A. executives in the design and management of quite complex and specialized projects, gives the option to the Company to provide corresponding technical services to third parties. It is worth mentioning that all services mentioned above shall be provided in Greece and abroad against the respective fee, yielding, thus, revenues to the Company.