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Press Release - Decision of the Inter-Ministerial PPP Committee for the construction and maintenance of two new Courts of Justice

06.09.2006 - 17:51
The Greek Inter-Ministerial PPP Committee has approved today the construction and maintenance of two new Court Houses in Patra and Heraclion.
This PPP project will involve the construction and maintenance as well as the exploitation of commercial sites and parking spaces, for a period of 25 years, effective from the beginning of the operational period, of two new Court Houses in Patra and in Heraclion. 
Sponsoring Authority of the project is the public Societe Anonyme ''Themis Kataskeuastiki S.A.'', supervised by the Ministry of Justice.
The Ministry of Justice aims at the construction of these new Court Houses, according to modern international standards. Additionally, by the inclusion of this project under the PPP law, the Ministry of Justice expects that in shorter time the quality of offered Judicial services will be significantly upgraded. The implementation of this project is supported by the local communities and enjoys full support from the end users (Association of lawyers, judges, etc). It is underlined that the administration of Justice does not fall under this PPP, since it is competence solely of the Greek State.
The anticipated construction and maintenance cost of this PPP project, that will have an operational period of 25 years, amounts to 100 million euros (current prices). The heavy maintenance and insurance of the building are not included in this figure, and are estimated up to 20% of the total budget of the project. The availability payments will depend on the quality of the maintenance services, according to predetermined quality criteria. The revenues that will stem from the exploitation of the commercial sites and parking spaces of the Courts will be taken into account for the final estimation of the availability payments that the Greek State will pay to the SPV that will undertake this project.