[ Our Approach to Sustainable Development ]
The priority of all of us at Kentriki Odos will always be to provide the highest levels of road safety, together with the utmost high-quality and innovative services. We invest in sustainable infrastructure and promote Sustainable Development for the country, aiming at the excellent operation and continuous maintenance of our highways, the protection of the environment, and the professional development of our people.
Kentriki Odos Motorway Concession Company Societe Anonyme(Kentriki Odos) has undertaken the study, design, construction, operation, exploitation, maintenance and management of the “Aftokinitodromos Kentrikis Ellados – E65” Concession project. This project of 238 km in length, is of high strategic importance for the development of Greece and entails the construction of the Kentriki Odos motorway (E65), from the semi-interchange with the Athens – Thessaloniki - Evzoni (A.th.E.) motorway at the Thermopyles I/C and will end at the interchange with the Egnatia Highway after Oxyneia (181km in total in length), as well as the management and maintenance of the Athens- Thessaloniki - Evzoni motorway section from Skarfia to Raches Fthiotidas (57 km in total in length). E65 motorway is entirely constructed on new alignment and actually connects Eastern Greece to Western Greece.
At present, the section from Xyniada I/C to Trikala I/C, total length of 77.5 km is fully operational, while at the same time, the South section of E65, from A.Th.E to Xyniada, is under construction. The motorway section from Skarfia to Raches is operational since 2015 and has resolved the major problem of road safety at Petalo of Maliakos. The completion of E65 is of particular strategic importance for the development of the country and the region of Central Greece, as it will connect Central Greece with trans-European networks, with the ports of Igoumenitsa and Volos and it will complete the transport system at a regional and local level.
The construction of the remaining Southern Section of the E65 (from A.TH.E. to Xyniada) from the Karpenisi I/C to the Xyniada I/C is in full swing. At the same time, in 2021, preparations were completed for the beginning of construction of the E65 Northern Section, which will start from the Trikala I/C and will connect to Egnatia Odos at Grevena. This section will allow motorway users to head towards West Fthiotida, bypassing the city of Lamia.
The big project for the construction of the Northern Section of the E65, from Trikala to Kipourio Grevenon, of 70.5 km enters its final phase. The financing of the project will be covered by the Recovery and Resilience Fund since the project has been linked to the country’s lignite phasing-out and therefore has been rendered a “green” project. Its construction duration will be three years and it is expected to be delivered into operation at the end of 2024. Αs of December 2022, the overall progress of the project reached 18.62%. With the Northern Section project, the E65 motorway is completed creating a 180 km long axis starting from Lamia, passing through Domokos, Karditsa and Trikala and ending at Egnatia Odos.
A.TH.E. Motorway, in numbers
Ε65 Section (Xyniada-Trikala Section), in numbers
2
Lateral Toll Stations
Total Passages
10,468.401
2022
9,011.035
2021
Awards
Green Awards 2022
For the 2nd consecutive year, we have been recognised as the “greenest motorway in the country". This acknowledgement is attributed to our comprehensive system for recycling all materials generated from the maintenance and operation of Kentriki Odos. Additionally, our efforts to reduce greenhouse gas emissions from our corporate fleet vehicles, through the gradual replacement of conventional vehicles with hybrids and electric ones, have contributed to this recongition.
International Standards and Certifications
Kentriki Odos is committed to providing high quality driver services, a safe working environment for employees and to protecting natural resources for the local communities, thus our activities and works need to be regulated by strict certified processes. In this context, our management system is supported and regulated by international operating standards certified by external bodies.
Certifications
ISO 9001:2018
ISO 39001:2012
ISO 14001:2015
OHSAS OHSAS 18001:2018
System ISO 22301: 2019
Management Approach and Economic Performance
Our Corporate Governance approach is based with transparency, integrity, credibility and ethics in our day-to-day decisions, as well as with ensuring the interests of shareholders and all parties associated with the operation of the company.
Financial Information (in th. €)
| 2022 IFRS | 2021 IFRS | 2020 IFRS | |
|---|---|---|---|
| Net Sales | 133,522.0 | 88,466.00 | 107,211.95 |
| Other operating income | 6,990.0 | 5,750.92 | 20,120.60 |
| Revenue from financial investments | 4,330.0 | 11.08 | 5,016.50 |
| Total income | 144,842.0 | 94,228.00 | 132,349.05 |
| Operating cost | 149,238.0 | 111,701.38 | 126,078.39 |
| Employee salaries and benefits | 301.0 | 1,922.40 | 4,156.18 |
| Payments to providers of capital | 14,506.7 | 13,336.30 | 12,191.39 |
| Net profit / (loss) before taxes | 108,210.0 | (54,533,529.00) | 16,925.55 |
| Net profit / (loss) after taxes | 2,640.0 | (33,668,607.00) | 6,496.88 |
| Total payments to state bodies (taxes paid) | 14,500.6 | 12,966.27 | 13,544.36 |
| Company investments | 115.0 | 1,316.50 | 3,180.50 |
| Total capitalisation | 504,352.0 | 652,373.35 | 633,336.48 |
| Equity | 29,094.0 | 31,732.69 | 43,149.46 |
| Total liabilities | 528,929.0 | 683,289.73 | 642,247.75 |
| Total assets (in million €) | 558,023.0 | 715,022.43 | 685,397.21 |
Net Sales (in th. €)
- Exploitation segment of Central Greece Motorway
- Construction of Central Greece Motorway
- Total
Sustainable Development Survey
In 2022, an extensive opinion survey was conducted to capture the perceptions of stakeholders regarding our performance on Sustainable Development issues.
