Piraeus Bank Finances the Development of Thriassio Transit Center

ATHENS, Greece–(BUSINESS WIRE)–Piraeus Bank will finance the development of the Thriassio Transit
Center, which will help increase freight transport by rail and promote
Greece as a major freight hub in the trans-European transport network.

The Center will significantly increase freight transport by rail and
promote Greece as a major freight hub in the trans-European transport
network. It will contribute to the provision of upgraded services while
also reducing transport costs, which are key factors in lowering the
final price of products, having a direct positive impact on the
competitiveness of the economy and GDP growth. The project is also
expected to boost local employment, creating up to 5,000 jobs over the
next 10 years. The new Thriasio Transit Center is expected to become
operational in 2024.

Piraeus Bank Chief Executive Officer, Mr. Christos Megalou said:
“Piraeus Bank are always looking for suitable investment projects that
align with our strategy to be a pillar of stability for the Greek
economy and we are proud to be financing such a significant
infrastructure project in Greece.”

The 588-acre concession agreement for 60 years was signed between the
Greek State, GAIOSE and the company THEK SA, which will carry out the
project and with 80% of ETVA Industrial Area and 20% of Goldair. The
financing of the project will be carried out with the participation of
the company THEEK SA. and a loan from Piraeus Bank, which is a
shareholder of ETVA Industrial Area of 65%.

Contacts

Piraeus Bank
George Papaioannou
Head of Press Office
+30694
4626825
or
Powerscourt
Sofie Brewis
+44 (0)
20 3328 9387

leverton

I have been involved with publishing and marketing for the past 32 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard.I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice".Contact me directly at lee@leeeverton.coom for scheduling information.