Signing of the PPP for the construction and operation of 10 school buildings in Attica

The agreement was signed on Friday 9th May 2014.

The contracting authority of the project is KTYP of the public sector and the contractor is J&P AVAX.

J&P undertakes the project that refers to the design, financing, construction, maintenance and technical management of 10 public schools in Attica.

The construction of the project will be implemented in 2 years after the signing of the agreement. After the period of the construction, begins the 25 years period of operation. The payment of the project will be made in monthly availability payments during the period of its operation.

The project will be financed by combination equity and debt capital of the private contractor and the public sector will not disburse capital during the period of the construction.
The financing of the project closed at €52 mil. The project will be co-financed by the European Investment Bank, the National Bank of Greece (via Jessica fund), by Alpha Bank and contractor equity.