Even as South Africa searches its collective soul and faces down the threat of a downgrade by the international rating agencies, readers might spare a thought for Greece, which looks set to sell the rights to a 670km toll road for 35 years to unlock the country’s next tranche of bailout loans.
News agency Reuters names a senior privatisation agency official, speaking on condition of anonymity, as the source of Thursday’s claim that a tender would be launched before the end of this month for the long-term lease on the Egnatia toll.
The sale is reported to be necessary for Greece to pass a first progress review by the country’s European Union and International Monetary Fund lenders and receive another €2.8 billion in a bailout that could ultimately be worth a total of €86 billion.
Egnatia is a major trade route in the Balkans, linking Igoumenitsa port in eastern Greece to the Greek-Turkish border in the west.
– African News Agency (ANA)