GEK Terna Group has been chosen as the provisional contractor for two railway infrastructure projects in Romania, with a combined budget of €800 million.
The Greek group’s portion is estimated to be around €500 million, with contracts anticipated to be finalized by year-end, according to CEO George Peristeris.
Peristeris noted that 2024 marks a significant turning point for the Group, as its evolution into a leading Concessions operator becomes increasingly evident, boasting stable net cash flows. The company is already a top contender in Southeastern Europe in this domain, with more projects on the horizon, including Egnatia Kasteli.
He also mentioned that revenue from current concessions over their lifespan is projected to reach €11 billion, with the acquisition of Attiki Odos playing a major role in this projection. However, the projects in Elliniko and Kasteli Airport are not factored into these estimates.
Energy Sector
Peristeris characterized the sale of Terna Energy as a significant move, yielding strong valuation amidst the current global climate, and emphasized that GEK Terna will continue its operations in the energy sector. “We will maintain our presence with a focus on essential and complex projects, such as pumped storage and offshore wind farms.”
The company has also announced a dividend distribution of €0.4 per share.
