The Board of Directors of the Athens Urban Transport Organization (OASA SA) has announced that the consortium formed by Terna Energy and LG CNS is the preferred bidder for the Athens Urban Transport Ticket PPP project.

The consortium will undertake the funding (50% private funds, 50% National Strategic Reference Framework resources), design, installation, operations support, maintenance and technical management of the system for 12 years and will be repaid during operation, through a payment mechanism based on the evaluation the quality of services offered.

The consortium beat out competition from two other consortia that submitted proposals for the project: Intrasoft International & Intrakat and Atese & Metka .

The project involves the implementation of an integrated automatic fare collection system for all means of transport managed by OASA SA.

The project is part of a comprehensive plan to create a model urban transport system, which aims at improving everyday life of the traveling public and enhancing the level of coordination and productivity of the transportation service providers. At the same time, these projects introduced a new generation of PPP projects in the ICT sector, in which EU funds are used, together with private funds.