Lambadarios has advised the four systemic Greek banks Alpha Bank, Eurobank, Piraeus Bank, and the National Bank of Greece on the EUR 1.3 billion financing of the new Northern Road Axis of Crete. Marinos Petroulias advised the developer, GEK Terna.
According to Lambadarios, the infrastructure project has been awarded to GEK Terna through a concession agreement with the Hellenic Republic. With a total project value of approximately EUR 2 billion, partially funded by the Recovery and Resilience Facility, the project represents one of the largest transport infrastructure financings in Greece to date. Once completed, the highway is expected to significantly improve road safety, connectivity, and economic development on the island.
The Lambadarios team included Partners Yannis Kourniotis, Prokopis Dimitriadis, and Konstantina Siozou, Senior Associates Thodoris Papadatos and Magdalini-Christina Vlachou-Vlachopoulou, and Associates Christina Kyrgialani, Angeliki Kaperoni, Christos Kostopoulos, and Dimitra Kalantoni.
The Marinos Petroulias team included Partners Panagiotis Petroulias and Nafsika Gountza, Senior Associate Charis Loizou, Associate Margarita Sotiropoulou, and Lawyer Nasia Koutra.
