GEK Terna has established itself as a major player in Greece's infrastructure sector, with extensive investments and significant concessions that yield substantial cash flows.
GEK Terna has evolved into a prominent infrastructure group in Greece, renowned for its substantial portfolio of long-term concessions, which are projected to generate total cash flows of approximately 11 billion euros. The company, helmed by chairman and CEO George Peristeris, is nearing the completion of a significant investment cycle that has seen it strengthen its core operations, particularly in construction and energy. Many of its existing concessions include the largest motorway network in Greece, which spans over 2,000 kilometres, highlighting the company’s crucial role in the country’s transportation infrastructure.
In addition to its extensive motorway network, GEK Terna is also making strides in other high-profile projects that are set to further enhance Greece’s infrastructure. Notably, the group is in the process of developing the second largest airport in Greece, located in Kastelli in Heraklion, Crete. Furthermore, in collaboration with Hard Rock, it is constructing Europe’s only branded Integrated Resort Complex (IRC) at Ellinikon, representing an investment of 1.5 billion euros. These initiatives not only reflect the company’s commitment to advancing infrastructure but also signify broader economic growth opportunities within the region.
Additionally, GEK Terna’s stake in the Northern Road Axis of Crete (VOAK)—the most extensive motorway currently under development in Europe—exemplifies its ongoing contributions to critical infrastructural projects. With a total construction budget of 1.75 billion euros, this project is poised to further cement the group's position as a leading infrastructure developer in Greece, propelling economic advancement and improving connectivity on the island. Overall, GEK Terna's efforts are vital in shaping the future landscape of Greece’s infrastructure.
