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Construction companies adjust to project concessions market
The country’s biggest construction groups are positioning themselves ahead of the restructuring of the profitable market of project concession, concerning major roadworks and infrastructure such as highways and bridges.
Recently GEK Terna set up GEK Terna Concessions, a subsidiary that will absorb all of the group’s holdings in the three highways it participates in: It owns 78.59 percent of Ionia Odos, 66.6 percent of the E65 highway across central Greece, and 17 percent of Olympia Odos, which controls the Corinth-to-Patra highway.
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