EYDAP planning investments of 1.85 billion euros

Greece's water utility EYDAP is planning investments amounting to 1.85 billion euros over the next decade, the company's CEO Haris Sachinis, said on Friday.

The investment program mainly concerns large-scale sewage works in Eastern Attica but also includes water-supply projects (installation of new water lines, work on water supply networks, extensions, improvements and replacements) and improvements in the sewerage network.

Sachinis said a huge investment program with a budget of 900 million euros is underway in Eastern Attica, of which 90% is funded by the European Union. Of the projects involved, 52% are in progress while the rest are maturing. The transformation projects, smart grid and meters, energy projects, new financial services and supply chain systems account for 350 million euros, while replacement of the water supply network to reduce leaks amounts to 400...