Eurobank to finance the Crete – Attica electrical interconnection project

The common bond loan has a repayment period of ten (10) years with a possibility of partial withdrawals according to the implementation course of the interconnection.

In addition to bank lending, the project will be implemented using equity of €200 million while the co-finance of Greece and the European Union will be used for the remaining €400 million.

The Crete – Attica Interconnection is a landmark project in Greece. It is the largest energy project under construction and the second largest overall and it will contribute significantly in the process for economic recovery with a special positive sign for the economy of Crete.

The project has a total budget of €1 billion.