Case Studies: Rio-Antirio Bridge, Greece

Project Overview

Figure 1: Rio-Antirio Bridge, Greece
Rio-Antirio Bridge, Greece
Contract Duration:	42 Years (from effective date) unless the concessionaire achieves the predetermined return on equity (11.5%) before then.
Budget	EUR 740M (initial agreement); EUR 815M (including construction, operating, financial costs and fees)
Project Time Line
Conceived:	1889
Call for Tender:	1991
Contract Approved:	3 January 1996
Ratification by Hellenic Parliament:	24 April 2006
Financial close:	17 December 1997
Effective Contract Date:	24 December 1997
Other important dates for the project:
Geotechnical Surveys:	1964
1st International Call for Tender (insufficient interest):	1980
2nd International Call for Tender:	1987 (doubts about technical solution);
3rd Call for Tender under new PPP Framework:	1990 (cancelled)