IBI Group to Deliver First Greek Hybrid Motorway System
Date
November 27, 2019
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ATHENS, GREECE (November 27, 2019) – IBI Group has been awarded the Olympia Odos Hybrid Toll Collection System (TCS) project in Greece by the Apion Kleos Construction Joint Venture Consortium. The project will add 30 Electronic Toll Collection (ETC) free-flow gantry stations to the existing Toll Collection System on the Olympia Odos motorway (delivered by IBI Group in 2017). These new ETC stations will support the provision of rebates based on the exact distance travelled along the motorway to ETC subscribers.
“With the implementation of the Hybrid TCS, IBI Group is helping us deliver a system that provides fairer charges to ETC users, helps increase the acceptance and penetration of the O-pass, and attracts local, frequent customers,” said Dr. Panagiotis Papanikolas, Olympia Odos CEO.
Antulio Richetta, IBI Group Director of Eastern Europe and Project Lead, commented: “We are proud to be the first to deliver this unique project in collaboration with Olympia Odos, introducing a state-of-the-art, distance-based pricing model in Greece.”
IBI Group is responsible for the turnkey provision of the Hybrid TCS, including the overall project management, design, supply of the toll software, equipment procurement, installation, integration and configuration, software support and maintenance.
Olympia Odos is a 202-km modern motorway concession fully delivered in 2017 and is of high strategic and economic importance for Greece. The motorway connects Athens with the cities of Corinth and Patras and serves the port of Patras, an important commercial and touristic European gateway. In 2019, Olympia Odos was nominated as one of five finalists for the “2019 Outstanding Civil Engineering Achievement (OCEA) Award” by the American Society of Civil Engineers (ASCE).
The project is expected to be delivered during 2020 and is likely to attract more motorway concession schemes that could apply IBI Group’s distance-based pricing model.
For more information or to connect with an IBI Group professional, please contact Julia Harper at Julia.harper@lvyanbo.com or 647-330-4706.
