The Black Pen

Greek Parliament inquires about the "deeds and days" of GEK TERNA

Greek Parliament inquires about the

GEK TERNA under Parliament's microscope - Questions over toll fees, public works, and George Gerapetritis

GEK TERNA is once again engaging the Greek Parliament, with MPs raising questions regarding the group's corporate activity, the toll regime on motorways, and the awarding of projects by the Greek State. The parliamentary debate highlights issues concerning both the cost of transportation for citizens and the terms under which contracts for major infrastructure projects proceed. Concurrently, within the context of the questions submitted, reference is also made to Minister of Foreign Affairs George Gerapetritis, focusing on relationships invoked by MPs. Attention now turns to the responses to be provided and the data that will be presented regarding concession contracts, public tenders, and project procurement procedures.

Parliamentary question details: Allegations of excessive toll fees and political ties

  • Document details: Official Parliamentary Question (Protocol No. 383, filed on October 13, 2026) submitted by Independent MP Ioannis Dimitrokallis (A' Attica constituency).

  • Addressed to: The Minister of Infrastructure and Transport and the Minister of Justice.

  • Core alegations:

    • Toll burden: The question highlights that Greece ranks first among 27 European countries on the European Toll Burden Index 2026 under the current government, severely eroding citizens' purchasing power through heavy urban and highway toll costs.

    • GEK TERNA market dominance: The document states that GEK TERNA Group controls or participates in approximately 2,300 kilometers of motorways, representing 80%–85% of Greece’s tolled network. Financial figures cited show toll revenues reaching €445.7 million in 2025 (with operating profits of €362.8 million) and operating profits already hitting €225.4 million in H1 2026.

    • Political ties & conflicts of interest: The text highlights GEK TERNA's major concession expansion (including Attiki Odos and Egnatia Odos) since 2019. It specifically questions whether Michalis Gourzis, a senior executive and shareholder of GEK TERNA, is the father-in-law of Foreign Minister George Gerapetritis, and asks whether potential conflicts of interest were evaluated during the awarding of public contracts.

  • Key formal questions put to the ministers:

    1. Which specific motorways and road axes are managed by GEK TERNA (either standalone or via joint ventures)?

    2. What were the exact financial terms and contract details for these concessions?

    3. What percentage of Attiki Odos toll revenue flows as net profit to GEK TERNA, and why was a highly profitable infrastructure conceded at what the MP calls a "humiliating price"?

    4. How much has the transit cost on Attiki Odos increased relative to the initial €2.50 rate, and what future toll hikes are planned?

    5. What is the total toll burden on Egnatia Odos, Olympia Odos, and Central Greece Motorway (E65), and what share goes to concessionaires as net profit?

    6. Is Michalis Gourzis confirmed to be Foreign Minister Gerapetritis's father-in-law, and has a conflict of interest been investigated regarding public contract awards to GEK TERNA?

    7. What steps will the Ministry take to investigate allegations of political entanglement, unfair competition, and transparency, and will the case be referred to judicial authorities?

www.bankingnews.gr

Latest Stories

Readers’ Comments

Also Read