UPDATED GPAs LIST JANUARY 2018

PRIVATISATION
PROGRAMME
Government Pending
18/01/2018
Actions
Asset No Subject Responsibility Necessary Actions Critical Date Status State of play

Ammendment of the current legislation in order to shorten the

timelimit for RAE to proceed with DESFA’s certification
DESFA 1i Ministry of Energy Adoption of legislation February 2018 Pending
(following an opinion from RAE)

Issuance by the Interministerial Committee for Assets 10 days from the

DESFA 1ii Restructuring and Privatisation of a decision approving the Ministry of Finance Adoption of decision approval by the Court of Pending
Shareholders Agreement for DESFA Audit

Negotiations did not result to a mutual agreement. Civil Court

Egnatia Odos to agree and sign with Piraeus Bank the
Judicial decision is hearing at the Court of First instance on 06/10/2016. Council of
Egnatia 2i restructuring agreement regarding the oustanding debt of the Egantia Odos SA Pending
pending State Court hearing regardng the Piraeus Bank annulment petition
Bond Loan in default since 2011
on 29/11/2016. Both decisions are pending

The HR, acting through HRADF, to approve in the General Ministry of

Judicial decision is
Egnatia 2ii Assembly of Egnatia Odos SA the terms of the solution Infrastructure & Pending Same as above
pending
formulated and agreed as above Transport

EGNATIA ODOS SA to take any necessary actions to

ensure the release of the Egnatia Odos motorway
Before the award
revenues from the existing pledges in favour of Piraeus
decision of the
Egnatia 2iii Bank, before the award decision of the preferred Egnatia Odos SA Any necessary action Pending
preferred
concessaionaire, in order for the asset to be transferred concessaionaire
to the concessionaire free from any pledges and
encumbrances .

Signing of construction contract for the Asprovalta tender with 10 days post approval
Egnatia 2iv Preferred Bidder within ten (10) days after approval by the Egnatia Odos SA Signing of Construction Contract by Court of Audit at the Pending
Court of Audit. latest

Upon completion of construction of each of the toll

stations of Thessaloniki and Asprovalta, the Minister of
Finance and the Minister of Infrastructure and Transport
Ministry of Finance/
shall immediately issue a Joint Ministerial Decision
Ministry of
Egnatia 2v putting (with immediate effect) each of the Issuance of a JMD July 2018 Pending
Infrastructure &
abovementioned two (2) toll stations in operation and Transport
determining the respective toll pricing policy based on
the current toll pricing policy applied to the other already
operating Egnatia motorway toll stations

Egnatia Odos SA to submit all the necessary material to the
Ministry of Environment & Energy and follow up the process as
required to ensure issuance of the environmental terms
Egnatia 2vi
approval and licenses, allowing the
implementation/construction of all new frontal and lateral toll
stations per JMD 6686/29.5.2017
Submission by Egnatia Odss SA to the Ministry in 5
Egnatia Odos SA business days after receiving the complete
environmental impact studies from the HRADF
The Fund has engaged the professional advisers "Adens" to
implement the environmental impact studies not produced by
Egnatia Odos SA. The engagement was signed on November 27th
February 2018 Pending
2017 and delivery of deliverables scheduled 60 days post signing
for January 27th, 2018. The schedule is subject to Egnatia Odos SA
full cooperation and delivery of information to Fund advisers.
 PRIVATISATION
PROGRAMME
Government Pending
18/01/2018
Actions

Ministry of Environment & Energy to issue environmental terms

3-4 months post
and licenses for all frontal and lateral toll stations following Ministry of Environment
Egnatia 2vii Issue decisions amending the environmental terms submission of the files Pending
submission by Egnatia Odos SA of the required complete files to & Energy
by Egnatia Odos SA
the competent Ministry services.

EGNATIA ODOS SA shall deliver and approve all studies

(μελέτες) required for the construction of all frontal and lateral
toll stations under Joint Ministerial Decision 6686/29.5.2017 No later than 30 days
Availability of studies for construction of all toll
Egnatia 2viii are available in order for the construction of such toll stations Egnatia SA from the environmental Pending
stations
to commence immediately after the Ministry of Environment & approval
Energy has issued the environmental terms/licenses (and no
later than 30 days post environmental approval);

Egnatia Odos SA to commence construction of all new frontal In 5 business days after
and lateral toll stations immediately after the Ministry of issuance of
Egnatia 2ix Egnatia SA Pending
Environment & Energy issues and relays to Egnatia Odos SA the environmental terms'
environmental terms/licenses decision / license

Ministry of Infrastructure and Ministry of Finance to determine HRADF Technical Adviser work to be concluded.
(in a form agreed with the HRADF) a draft Joint Ministerial Ministry of Finance/ Once Technical Adviser submits recommendation to
New policy was formulated by HRADF's advisors, 2) approved by
Decision specifying the toll pricing policy for all toll stations of Ministry of HRADF, the HRADF to submit proposal to Hellenic
Egnatia 2x April 2018 Pending the BoD of HRADF and 3) was submitted to the Greek Auhtorities
the Motorway and its Vertical Axes (including new stations to Infrastructure & Republic for a comprehensive pricing toll policy to
and the competent Ministry
be constructed pursuant to the Joint Ministerial Decision Transport formulate the terms of the required Ministerial
6686/2014) Decision on pricing policy.

Upon clearance by DG Move of the toll pricing policy for

all toll stations of the Motorway and its Vertical Axes,
Ministry of Finance/
Ministry of Infrastructure and Ministry of Finance to
Ministry of Upon clearance by DG
Egnatia 2xi immediately sign with immediate effect, the Joint JMD of the toll pricing policy Pending
Infrastructure & MOVE
Ministerial Decision of the toll pricing policy, as cleared Transport
by DG Move, that will be applied on the Egnatia Odos
motorway and its Vertical Axes

Publication of the tender notice for the granting of

Licensing of a casino at Hellinikon (condition precedent for The Hellenic Gaming Commission will hire advisors and run the
Hellinikon 3i Ministry of Finance the necessary operational license for a casino in the February 2018 Pending
financial closing) tender
Hellinikon site

Hellenic Gaming
Licensing of a casino at Hellinikon (condition precedent for Award of the operational license for a casino in the
Hellinikon 3ii Commission / Ministry May 2018 Pending
financial closing) Hellinikon site
of Finance

Entry into force of a legislative act establishing a

body vested with powers necessary for the
A first working paper has been prepared. A proposal for legislation
Ministry of Interior management and operation of all open and public
Management of open and public areas and facilities within the will be sent to the investor, the Ministries and the representatives
Hellinikon 3iii Affairs/Local areas, infrastructure, works and equipment of May 2018 Pending
Site (condition precedent for financial closing) of the local authorities in the context of the preparation of the
Government common use within the Site and the exclusive
appropriate legislation.
collection and management of any reciprocal duties
or similar charges
 PRIVATISATION
PROGRAMME
Government Pending
18/01/2018
Actions
Ministry of Finance,
Ministry of Environment The decision will regulate the planning studies of
Hellinikon 3iv Issuance of Ministerial Decision for the Metropolitan Park April 2018 Pending
, Ministry of Culture, buildings within the Park
Hellinikon SA

Ministry of Finance, The decisions will regulate the height and total
Issuance of Ministerial Decisions for the urban planning studies Ministry of Environment, coverage and built area of the buildings that will be
Hellinikon 3v April 2018 Pending
and layouts of the Hellinikon site Ministry of Culture, built at zones of urbanization and development
Hellinikon SA zones of the Hellinikon site

EMOE (Committee for A special Committee has been put into force with
the Recolation of all the task to proper relocate all the organizations and
public and private authoritites currently situated within the asset.
Need to resolve the pending issue of the presence of
Hellinikon 3vi Relocation of existing users from the Hellinikon site entities in Hellinikon Hellinikon SA has signed MoU with some of the May 2018 Pending
ETHEL/OSY, KTEO and Hellenic Civil Aviation Authority
Site)/Relevant existing users for their relocation from the site.
Ministries/Hellinikon SA Need to monitor constantly the dates and ensure
that the relocation is going as planned

The PD approving the Integrated Development Plan

Partition (Διανομη Ακινητου) of the Hellinikon site between the Ministry of Finance, and the Ministerial decisions for the urban planning
Hellinikon 3vii June 2018 Pending
Ministry of Finance, HRADF and Lamda Development HRADF studies and the layouts of the Hellinikon site need to
be issued first

HRADF, Investors,
Hellinikon 3viii Financial closing of the transaction Hellenic Republic and Resolution of all aforementioned prerequisites June 2018 Pending
Competent Ministers

The Share Purshase Agreeement (SPA) between the HRADF and

the investor has been signed on 21/12/17. The investor has
Not later than 45 days notified the transaction to the Hellenic Competition Commission
OLTH 4 Revised Concession Agreement between HR and OLTH following the Pending
for merger clearance. Following merger clearance, the revised
clearance by the concession agreeement has to be signed by OLTH and the
Ministry of Shipping & Signature & Ratification of Revised Concession Hellenic Competition ministries and then ratified by the Greek Parliament.
Ministry of Finance Agreement between HR and OLTH Commission

Ministry of Finance /
Ministry of
Consession Agreement extension/amendment between the HR Infrastructure & Concession Agreement Extension/Amendment
EYDAP 5i March 2018 Pending
and EYDAP Transport/ Ministry of completion
Environment & Energy
(SSW)/ EYDAP/ HRADF

Ministry of Finance /
Cost determination must be included in the
EYDAP 5ii Cost of raw water determination Ministry of Environment March 2018 Pending
Extended/Amended Concession Agreement
& Energy (SSW)/ EYDAP

Ministry of Environment
& Energy (SSW)/EYATH - Endorsement of revised water tariff policy to apply
EYATH 6 Water tariff policy June 2018 Pending
Ministry of Finance - from 1/7/2018 onwards
Ministry of Interior
 PRIVATISATION
PROGRAMME
Government Pending
18/01/2018
Actions

Launching of the tender process for the sale of 30% of shares The launching of the tender shall take place upon the completion
AIA 7 HRADF Publication of the tender notice Q2 2018 Pending
(EoI) of the process of the extension of the concession agreement

Draft PD was sent by TAIPED to Ministry of Tourism (21/9/17).

Issuance of the P.D for the proposed zoning plan of the Ministry of Tourism / Draft PD to be proposed and signed by the Ministry of Tourism is currently revising the draft in view of its
Marina of One month following
upland area of the Marina of Alimos Ministry of Environment responsible Ministers; finalisation and submission to the other responsible ministries
Alimos 8 the opinion of the Pending
& Energy / Ministry Draft PD to be submitted to the Council of State for (Ministry of Finance and Ministry of Environment and Energy). The
Council of State
of Finance review; submission of the draft PD to the Council of State should be
Adoption of the PD submitted by February 2018.

Ministry of Tourism is currently revising the draft in view of

Issuance of the P.D for the proposed zoning plan of the Ministry of Tourism / Draft PD to be proposed and signed by the
One month following its finalisation and submission to the other responsible
Marina of upland area of the Marina of Chios Ministry of Environment responsible Ministers;
9 the opinion of the Pending ministries (Ministry of Finance and Ministry of Environment
Chios & Energy / Ministry of Draft PD to be submitted to the Council of State for
Council of State and Energy). The submission of the draft PD to the Council
Finance review;
Adoption of the PD of State should be submitted by February 2018.

Approval of the Strategic Environmantal Assessment Study HRAF is currently preparing the study in view of its
Ministry of Tourism / Approval of the study by the Ministry of
Marina of (ΣΜΠΕ) for the marina of Thessaloniki (Aretsou) submission to the Ministry of Tourism by February 2018.
10i Ministry of Environment Environment and Energy following the submission June 2018 Pending
Thessaloniki The Ministry of Tourism has to submit the file to the
& Energy of the complete file
Ministry of Environment by March 2018.

Draft PD to be proposed by the Ministry of Tourism

Submission to the Council of State of the P.D for the proposed Ministry of Tourism and and signed by the responsible Ministers (Tourism,
Marina of
10ii zoning plan of the upland area of the Marina of Thessaloniki Ministry of Environment Environment and Finance); July 2018 Pending
Thessaloniki
(Aretsou) and Energy Draft PD to be submitted to the Council of State for
review.

Ministry of Tourism and One month following

Marina of Issuance of the draft PD for the proposed zoning plan of the
10iii Ministry of Environment Adoption of the PD the opinion of the Pending
Thessaloniki upland area of the Marina of Thessaloniki (Aretsou)
and Energy Council of State

Ministry of Tourism /
Ministry of Environment One month following
Marina of Issuance of the P.D for the proposed zoning plan of the upland The Council of State is currently reviewing the draft
11 & Energy / Ministry of Adoption of legislation the opinion of the Pending
Pylos area of the Marina of Pylos Presidential Decree
Finance/ Ministry of Council of State
Culture

The Asset Development Plan (adopted by the Government

Council on 15/1/18) provides for the privatisation of ports
Procedure to be agreed regarding the award of port Ministry of Shipping & Adoption of decision between the Ministries and
10 ports 12 February 2018 Pending through the award of concessions. By 15 February 2018, the
concessions Ministry of Finance TAIPED
ministries will agree with TAIPED the procedure to be
followed in respect of the award of port concessions.

Disclaimer
This table will be updated to include, as Governing Pending Actions, any new or additional necessary administrative acts, decisions, measures or actions to be taken by the government authorities to allow,
facilitate and ensure the launching and completion of the privatization transactions carried out by the HRADF.