ATHENS METRO – Signing of loan agreement with the European Investment Bank for line 3 extension to Piraeus


As announced, ATTIKO METRO S.A. and the European Investment Bank (EIB), in the framework of their long-term cooperation, proceed today, Friday, February 1st Metro Extension to Piraeus. The loan agreement amounts to 200,000,000 Euro and constitutes the 2nd installment of the credit approved by the EIB for the aforementioned Project. At the same time, ATTIKO METRO S.A., in cooperation with EIB and the agencies involved, is implementing the process related to the reimbursement of the 1st installment amounting to 250,000,000 Euro, which is expected to be completed within the next two months.

This shall be the second reimbursement within the last two months, since in December 2012, ATTIKO METRO S.A. proceeded with the reimbursement of 250,000,000 Euro in the framework of the loan agreement signed with EIB for the construction of Thessaloniki Metro Base Project. The loan agreement in question has a 30-year duration and the option is granted for a 10-year grace period.

Mr. Christos Tsitouras, Chairman and Managing Director of ATTIKO METRO S.A., stated that “EIB once more proves in practice its confidence in the Project and ATTIKO METRO S.A. know-how, also supporting the efforts made for the development of the Greek economy”.


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