TY - JOUR T1 - The Athens Ringroad JF - The Journal of Structured Finance SP - 67 LP - 72 DO - 10.3905/jsf.2000.320214 VL - 6 IS - 2 AU - Maria Leistner AU - Bruce Johnston Y1 - 2000/07/31 UR - https://pm-research.com/content/6/2/67.abstract N2 - 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. ER -