ATHENS METRO – Mr Christos Tsitouras, chairman of Attiko Metro S.A.,signed a new agreement on the new credit facility of 150 milion for the extension of Athens Metro

18/6/2010
ATTIKO METRO S.A.
“Funding of Attiko Metro S.A.  projects”

The European Investment Bank approved a loan amounting to EURO 150,000,000 to be granted to ATTIKO METRO S.A. – based on favorable terms (same as those applicable to the remaining member-states of the European Union) – in view of funding the following projects, namely:

  • Extension of Line 3 towards HAIDARI
  • Completion of Line 3 with the addition of AGHIA PARASKEVI Station
  • Extension of Line 2 towards PERISTERI and ANTHOUPOLI
  • Extension of Line 2 towards ELLINIKO
  • Rolling Stock pertaining to the Metro Extensions

Electromechanical Systems pertaining to the Extensions
The agreement on the new credit facility was signed yesterday (June 17th 2010) at the European Investment Bank (EIB) headquarters in Luxemburg, between Messrs. Christos Tsitouras, Chairman of ATTIKO METRO S.A, and Plutarchos Sakellaris, EIB Vice-President, while the bases were also set for a most constructive cooperation as regards the funding of the new critical extensions of the Metro Project in the cities of Athens and Thessaloniki.

The subject amount ensures the unobstructed funding of the Attiko Metro Projects that enhance, in terms of transport and environment, an ever increasing number of the Attica Basin areas.

17/6/2010
MINISTRY OF INFRASTRUCTURES, TRANSPORTATION AND NETWORKS
“The Europeran Investment Bani supports Athens Metro”

Mr. Dimitris Reppas, Minister of Infrastructure, Transport and Networks, expresses its satisfaction for the most positive evolution of the funding of major projects by the European Investment Bank (EIB). The extensions of Lines 2 and 3 can now be unobstructedly evolved through the credit facility obtained by the EIB amounting to EURO 150,000,000. This is the first tangible proof of the trust exhibited by the EIB as regards the Development Projects of the Ministry. The agreement was concluded based on the same terms applicable to the remaining member-states of the European Union, a fact that confirms the particular interest and the favorable attitude of Europe towards the development policy of our country.

The agreement on the new credit facility was signed today at the Bank’s headquarters in Luxembourg between Mr. Christos Tsitouras, Chairman and Managing Director of ATTIKO METRO S.A and Mr. Plutarchos Sakellaris, EIB Vice-President. At the signing ceremony, emphasis was placed on the most critical role that EIB can play in co-funding major infrastructure projects with both public and private sectors.

This loan concerns mainly the design, construction and commissioning of the extensions of Lines 2 and 3, as well as the supply of rolling stock. The Metro Line 3 Extension from EGALEO continues with the construction and commissioning of three (3) new stations, while further extension of this line, 1.4 km. long, towards HAIDARI with the addition of one (1) new station is already at an advanced construction stage. The project of the Extension of Line 2 to ELLINIKO will add to the Athens Metro network 5.5 km of underground line and four (4) new Stations (ILIOUPOLI, ALIMOS, ARGYROUPOLI, ELLINIKO). Line 2 will be further expanded to ANTHOUPOLI with the addition of 1,5km and two (2) stations.

The ATHENS METRO is jointly supported by the Structural Funds of the European Union and the EIB, as it satisfies the European Union’s objective to support urban renewal and the protection of environmental.

Mr Christos Tsitouras commented as follows: “We are looking forward to further cooperation for the future major extensions of the metro system in the cities of Athens and Thessaloniki that serve in the best possible way the citizens of the two Greek Metropolises”.

17/6/2010
“EIB supports further the Athens Metro”

The European Investment Bank increases its support for the extension of the Athens metro by EUR 150 million. The agreement on the new credit facility was signed today at the Bank’s headquarters in Luxembourg by Mr Plutarchos Sakellaris, EIB Vice-President and Mr Christos Tsitouras, chairman of Attiko Metro S.A.

At the signing ceremony, Mr Plutarchos Sakellaris said: “EIB has been supporting for more than 15 years the significant Metro investments undertaken both in Athens and Thessaloniki.  The Athens Metro extension will reinforce the public transport system, providing a faster, more reliable and environmentally friendly mode of transport contributing significantly to a cleaner environment for the Greek capital. This project is a good example of the catalyst role the EIB can play in helping to co-finance major infrastructure projects with the public and private sectors”.

Mr Christos Tsitouras commented:  “Attiko Metro is particularly happy for having the possibility of a cooperation with the EIB. This allows us to realise the significant projects of the metro systems in Athens and Thessaloniki, with the support of the EU. I look forward to further cooperation for the future extensions of the metro in both Athens and Thessaloniki, which will serve the citizens of the two Greek metropoles. We believe, that as in the past, we will meet also this future challenge”.

This loan concerns mainly the design, construction and commissioning of the extensions of Lines 2 and 3, as well as the acquisition of trains.  The Metro Line 3 Extension, 4.3 km long with three new stations extending from MONASTIRAKI to EGALEO was commissioned in May 2007. Line 3 continues to be expanded with the construction and commissioning of three (3) new Stations, while the next 1.4 kilometres of the above Line towards HAIDARI with one new Station is already at an advanced construction phase.

The project of the Extension of Line 2 to ELLINIKO will add to the ATHENS METRO network 5.5 km of Underground Line and 4 new Stations (ILIOUPOLI, ALIMOS, ARGYROUPOLI, ELLINIKO). The extension to Anthoupoli will further expand Line 2 with the addition of 1.5km and 2 stations.

The Athens metro is supported jointly by the Structural Funds and the EIB, as it meets the European Union’s objective to assist urban renewal and environmental protection. Total EIB financing for the Athens metro since 1994 totals now EUR 1.5 billion. The project will make a significant contribution to improvement of the quality of life in Athens, by alleviating traffic congestion and providing a cleaner and quicker alternative to cars and buses.

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