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ELLÉNIÊÉ TECHNODOMIKI TEB S.A.
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Announcement
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January 31, 2007 A concession contract was signed today between the Greek State, the
societé anonyme "MOREAS S.A." and its shareholders - "ELLINIKI
TECHNODOMIKI TEB S.A." (73.34%), "PANTECHNIKI S.A."
(13.33%) and "INTRACOM HOLDINGS" (13.33%) - for the project
"DESIGN - CONSTRUCTION - FINANCING - OPERATION -
MAINTENANCE AND EXPLOITATION OF THE CORINTHTRIPOLI-
KALAMATA FREEWAY AND THE LEUKTRO SPARTA
EXPRESSWAY BRANCH." This contract will be validated within the
next 4 months by the Hellenic Parliament and works will commence
immediately after.
The construction period is anticipated to last 54 months and the total cost
of the project is estimated at 1,044 million Euro. The total length of the
freeway is approximately 205 km.
The companies participating in the aforementioned joint-venture project
are "AKTOR S.A.", "PANTECHNIKI S.A." and "INTRAKAT".
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For further information, please contact: Mr. Stergios Pitoskas, Investor Relations, Elliniki Technodomiki, at (3010) 699-6821 or fax at (3010) 699-6850, or Mr. Nicolas Bornozis, President, Capital Link Inc., in New York at (212) 661-7566. This and additional information can be accessed at Capital Link's website www.capitallink.com.
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