PT - JOURNAL ARTICLE AU - Maria Leistner AU - Bruce Johnston TI - The Athens Ringroad AID - 10.3905/jsf.2000.320214 DP - 2000 Jul 31 TA - The Journal of Structured Finance PG - 67--72 VI - 6 IP - 2 4099 - https://pm-research.com/content/6/2/67.short 4100 - https://pm-research.com/content/6/2/67.full AB - On March 6, 2000, the finance documents and project contracts for the Athens Ringroad were signed after almost three years of complex negotiations among the Greek State, the concession company, a bank syndicate, and the European Investment Bank. Among the hurdles were the need to separate financing for different road sections, to develop a mechanism of releasing bank guarantees, and to structure risk-allocation and inter-creditor relationships among the project participants. There was little precedent for such a project financing in Greece despite recent, significant state-sponsored infrastructure development.