Operis is delighted to have supported Vinci Concessions and its partners in reaching financial close on the expansion of the Olympia Odos project, providing a full audit of the financial model.
The project involves a 75km extension of the Olympia Odos motorway from Patras to Pyrgos in the west of the Peloponnese peninsula, reducing travel times by around 40 minutes and improving road safety. It will be financed by a total investment of €331m, comprising a €217m contribution from the Greek state, and a €114m bank loan with a tenor of almost 15 years.
As well as raising new debt, the project also includes the refinancing of €495m of existing bank loans.
Operis has previously assisted with the refinancing in 2013 and restructuring in 2016 of the Olympia Odos project.