Greek Prime Minister Kyriakos Mitsotakis announced today that Attiki Odos toll rates will be go down from the current rate of €2.80 (US$3.11) to €2.50 (USD $2.78) starting October 6, Ekathimerini reports. The article adds that the tollway’s new concession agreement will contribute €3 billion (US$3.33 billion) to public finances. (That projection is in line with expectations last summer when GEK Terna was identified as the preferred bidder for the concession.) The facility is also referred to as the Attica Tollway or Athens ring road.
To Vima reports, Mr. Mitsotakis made the rate reduction announcement at a cabinet meeting that dealt broadly with quality of life improvements and inflation-fighting measures for Greek citizens. On transportation, the prime minister highlighted his government’s focus on improving mass transit, noting that 950 new buses will be on the road in Athens and Thessaloniki by next summer. He also emphasized the need for government transparency in all the nation’s ongoing transportation projects.