The European Investment Bank (EIB) formally agreed a landmark EUR 580 million of new financing for construction of the Athens Metro New Line 4, which represents both the largest EIB support for new transport in the country and for a single project in Greece.
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The new financing, which comes in the form of a 30-year loan, will support more specifically, the construction of Section A’ – Alsos Veikou – Goudi, a project comprising of 15 new underground stations in the Greek capital.
This is the second part of the EUR 730 million total in financing being provided by the EIB for the project.
This latest support follows the first loan agreement in 2019, when Attiko Metro S.A. agreed support from the EIB against the amount of EURO 150 million out of the overall approved credit; which was disbursed on 30.11.2021.
“The implementation of Attiko Metro S.A. projects would not have been possible if they had not been integrated into the financing programs of the European Union and if the European Investment Bank had not provided its support and decisive contribution from the beginning of the Metro projects construction in Athens and Thessaloniki until the present date," said Attiko Metro S.A. CEO Nikos Kouretas, who made a brief presentation of the project prior to the signing of the agreement.
"During its long-term operation, Attiko Metro S.A. has proved its competence to design, study, put to tender, and supervise the construction of complex Metro and Tramway related projects, with the highest safety, reliability and quality standards, along with rich aesthetics, by transforming Metro Stations into to small museums.â€
“In cooperation with the Ministry of Infrastructures and Transportation, Minister K. Karamanlis and Deputy Minister, G. Karayiannis, Attiko Metro S.A. continues the implementation of the new extensions of the Metro network in Athens and Thessaloniki based on its ambitious program concerning the extensions of its networks.
"This essentially contributes significantly to the financial development of our country and secures thousands of jobs, and at the same time it gives the opportunity to an increasing number of citizens to enjoy safe, comfortable, fast and reliable travel using environmental friendly mass transport modes.†■