Ellaktor’s Avax, Terna Bid for Greek Road Project, Imerisia Says

Ellaktor SA’s building unit, J&P Avax SA, submitted a joint bid with Terna Energy SA for a 120.5 million euro ($162.9 million) contract to build a section of road in northern Greece, Imerisia said.

The bid was the lowest by 16.2 percent for the deal to construct a 16.2 kilometer stretch of the Egnatia highway in three year, the Athens-based newspaper reported, without citing anyone.