Customer: ATTIKO METRO S.A.
Duration: August 2004 – November 2004

The objective of the Consultant’s work is to carry out a traffic and financial analysis study on the Thessaloniki Metro, as well as the support of the responsible ATTIKO METRO S.A. services in the confrontation of relative clarifications that may be required by the financing institutions in which an application for the project financing will be submitted.
The study is carried out in two stages:
Stage I: Traffic Analysis
The traffic analysis on the basis of multimodal transportation model applications of the Greater Thessaloniki Area the Consultant provides, will be carried out for two time horizons – 2010 and 2020 and for two scenarios: without Metro (existing bus network) and with Metro (reformed bus network aiming at the complementarity and elimination of the competitiveness with the Metro). The minimal steps of model implementation application concern the trips distribution in the means (public, private) – sub-means (metro, bus) and the trips modal split.
The basic results of the traffic analysis are:
• trips distribution per public and private means
• passenger volumes in the metro
• passenger volumes in the buses
• identification of the section among the metro stations with the biggest passenger volume
• buses and private transport means vehiclekilometers
• users’ time saving and transport time of urban buses due to the operation of the metro.
Stage II: Economic Analysis
The financial evaluation of the project includes the cost-benefit study and the financial analysis. The basic results of the economic analysis are the socio-economic indices calculation (NPV, BCR, IRR) based on the individual cost-benefit data, as well as the financial indices on the basis of the Thessaloniki Metro construction, operation and maintenance incomes and expenses. Relevant sensitivity analysis will be conducted on the above.

Role of TREDIT:
– Transportation analysis using the traffic model of Thessaloniki Greater Area for two time horizons and two scenarios (with and without metro)
– Cost – benefit analysis
– Financial analysis