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PPP contract signed for the Attika I school buildings project

11.04.2014 - 00:00

The second PPP contract was signed today for the design, construction, financing and facility management of 14 school buildings in Attica via a PPP.

Building Infrastructure SA (former School Buildings Organization SA) is contracting authority and Attica Schools SA is the private partner. Following the tender procedure, the construction of the infrastructure will be undertaken by ATESE SA and Domiki Kritis SA.

The project is financed by the European Investment Bank and by National Bank of Greece (through the JESSICA fund), by 50% each. Alpha Bank financed the VAT on a short-term basis. The project?s contractual value is 63 million Euros (net present value of payments).