摘要：AbstractFive motorway concession contracts are currently under implementation in Greece. The total investment amounts to 8.7 billion €. The completion of projects construction was foreseen by 2014. Following the recent financial crisis, the traffic volume has decreased and the market interest rates and country's investment risk have increased considerably. Construction works are currently subject to delay due to time-consuming administrative procedures, which has resulted in claims by constructors and concessionaires. Furthermore, users apparently perceive the toll rates as being expensive; some of them refuse to pay. The results of the updated financial models show loss of contracts’ long term financial equilibrium. In this environment, the Lending Banks have imposed a payment drawdown stop on four out of the five concessions. In this paper, the problematic of these concessions is analyzed and a recovery plan within the European Union's legal framework is proposed.
