Corporate Profile

Nea Odos is the Concession Company which has undertaken the study, design, construction, operation, exploitation and maintenance of “Ionia Odos” Concession Project.

The project, with a total length of 380km and a total budget of 1.1 billion euros, aims to create modern motorways following European standards that will contribute to the development of the national economy, safeguard the environment and enhance the quality of life of the wider community.

Our primary concern is the safe and fast commuting for all motorway users alongside the provision of high-quality services.

Ionia Odos Motorway

3
Operation and Maintenance Centres
4
Frontal Toll Stations
5
Lateral Toll Stations
9
Motorist Service Stations
4
Two-way tunnels (total length of 11.2 km)
24
Bridges
(total length 7 km.)
101
Overpasses & Underpasses
19
Interchanges
24
Parking areas

A.Th.E. Motorway

1
Tunnel Control Centre
3
Frontal Toll Stations
5
Lateral Toll Stations
5
Motorist Service Stations
6
Tunnels (total length of 3.5 km)
8
Bridges
84
Overpasses & Underpasses
30
Interchanges
33
Parking areas

Total Passages

37,135,255

2018

29,910,886

2017

Awards

2018

Long-Term Local / Regional Investment

Nea Odos earned the Bronze Award in the “Long-term Local/Regional Investment” for the “Cycling Safely” program, implemented in collaboration with the “Panos Mylonas” Hellenic Road Safety Institute. “Cycling Safely” has been implemented since 2014 and contributes to shaping the road culture and behaviour of children and aims at enabling children to adopt a responsible driving behaviour. Approved by the Greek Ministry of Education and the Institute for Educational Policy, it is implemented with the cooperation of the competent Departments of Primary Education.

Short-Term Local / Regional Investment

Nea Odos, earned the Silver Award, in the “Short-term Local/Regional Investment” category, the only award in this category. This distinction concerns the training of 265 police officers of all levels from the regions of Akarnania, Aitolia, Arta, Preveza, Ioannina, Evia, Viotia and Fokida, in identifying and managing incidents of child abuse. The action is carried out in cooperation with the ELIZA association against child abuse, as part of a national initiative implemented in cooperation with the Hellenic Police.

What our users believe

To what extent does NEA ODOS meet your expectations regarding road safety?
Do you feel safe when driving through
NEA ODOS motorway?
Do you believe that NEA ODOS is operating responsibly as a company (as regards the market, the environment and society)?

The data presented here has been derived from the motorway users’ survey that was conducted in 2016.

Management Approach and Economic Performance

Nea Odos operation is based on flexible and modern organizational models that allow us to safeguard the legitimate interests of our shareholders and maximize our contribution to the Greek society and economy.

Nea Odos Shareholder Structure

Financial Information (in th. €)

2018 IFRS 2017 IFRS 2016 IFRS
Net Sales 131,193.46 236,156.82 354,999.58
Other operating income 12,199.95 15,669.85 20,919.63
Revenue from financial investments 1,134.07 2,419.05 1,298.14
Total income 144,527.49 254,245.72 377,217.35
Operating cost 62,601.17 189,859.08 317,425.23
Employee salaries and benefits 12,119.37 8,906.90 6,619.37
Payments to providers of capital 33,275.28 8,488.48 6,798.66
Net profit / (loss) before taxes 20,500.65 1,453.13 -2,826.77
Net profit / (loss) after taxes 15,139.89 6,766.47 4,276.36
Total payments to state bodies (taxes paid) 12,912.93 10,008.56 9,977.93
Company investments 16,120.19 144,975.83 272,557.19
Total capitalisation 472,068.91 532,786.47 583,290.09
Equity 257,784.45 242,162.41 232,936.42
Total liabilities 301,250.23 400,785.70 426,794.45
Total assets (in million €) 559,034.68 642,948.11 659,730.87

*IFRS: International Financial Reporting Standards

Net Sales (in th. €)

  • Exploitation segment of Ionia Odos – A.Th.E. Motorway
  • Construction segment of Ionia Odos Motorway
  • Total

01

Road Safety

Sustainable Development Goals related to our operation

Priorities

1
Reducing the number of road accidents
2
Moderating the consequences of accidents
3
Preventing secondary accidents

Our commitment to high-quality road safety services began when we undertook the design and construction of the road infrastructure.

Our motorways follow the highest construction specifications, giving priority to design, traffic and safety signage studies, taking into account the geotechnical challenges, the terrain and unique geological conditions of different areas. In order to prevent and eliminate accidents, we implement programs of structural adequacy, maintenance as well as prediction and management of extreme weather events.

The motorways are supported 24/7 by Road Safety patrols while the Traffic and Tunnel Management Centres guarantee efficient traffic management.

Nea Odos Average Response Time by Incident Type (in minutes)

Average Response Time by Agent (in minutes)

Number of incidents

that we managed

Manhours

for Road Maintenance

Manhours

for Road Infrastructure Repairs

*The 2018 data also incorporates data from the first year of the full operation of the new Ionia Odos motorway

02

Quality Service Provision

Sustainable Development Goals related to our operation

Priorities

1
Customer service
2
Provision of state-of-the art road safety services
3
Interaction between infrastructure and users with the use of advanced technological means
4
Tolls (providing modern payment methods)
5
Responsibility in the supply chain

Our main concern is to make each user feel that we are their best travel companion. We prioritize communication with the drivers, maintain multiple channels of communication, and constantly work to increase our efficiency in managing the increasing demands of the motorways under our responsibility.

Customer Service

Complaints by Category

Subscription Programs for Permanent Residents and Frequent Users

Nea Odos has developed special subscription programs (Fast Pass Frequent) that offer incremental discounts up to 50% as well as an exclusive program for Oropos Municipality permanent residents (Fast Pass OROPOS) with a fixed price per passage from the Afidnes toll station.

The total investment in Fast Pass OROPOS reached:

2018
329,563.10

Fast Pass Oropos

2017
370,350.60

Fast Pass Oropos

The total investment in Fast Pass Frequent reached:

2018
261,506.94

Fast Pass Frequent

2017
303,242.83

Fast Pass Frequent

The total investment in the discount program for the permanent residents of Thiva region reached:

2018
66,913.91

Fast Pass Thiva

Supporting Greek Suppliers

Nea Odos is committed to making a significant contribution to the development of the local communities affected by our motorways. Supporting small suppliers is our core practice and a conscious choice.

 

2018 2017 2016
Number Investment (€) Number Investment (€) Number Investment (€)
Local Suppliers 431 1,531,551.76 470 3,806,213.48 301 2,184,664
National Suppliers 263 111,450,848.38 341 275,098,329.04 202 450,987,325.30
International Suppliers 32 743,048.3 32 1,900,846.91 37 986,703.49
Total 726 113,725,448.44 843 280,805,389.43 540 454,158,692.79

National suppliers include transactions with related parties.

The ratios of our total investments directed to local and national suppliers were

99.3%
2018
99.3%
2017
99.8%
2016

03

Human Resources

Sustainable Development Goals related to our operation

Priorities

1
Equal opportunities
2
Employee benefits and satisfaction
3
Continuous employee development and talent utilization
4
Health and safety

At Nea Odos we strongly believe that the effective operation of the company is primarily thanks to the people who manage it and we recognize our responsibility towards them. The company seeks to provide a safe work environment that promotes personal and professional development, without any form of discrimination.

Human Resources by Age and Gender

  • Men
  • Women
2018
2017
2016

Human Resources by Geographical Area

  • Attica
  • Greek countryside
Total employees: 530
2018
Total employees: 522
2017
Total employees: 321
2016

New Employee Hires by Gender and Age

  • Men
  • Women
2018
2017
2016

Total hours of training

3,985
2018
4,615
2017
3,278
2016

Total Training hours on Occupational Health and Safety

For every 8 hours of training more than 5 hours were devoted to Occupational Health and Safety

2018 2017 2016
Training hours 2,557 3,154 1,825
Employees 355 236 374
Training hours / employee 7.2 13.1 8.0

Health and Safety Indices

2018 2017 2016
Injury or accident rate of total staff (%) 1.51% 3.07% 3.43%
Hours of absence / total work hours (%) 0.07% 0.14% 0.14%
Accident frequency indicator 8.20 19.58 19.40
Accident severity indicator 108.63 216.56 215.13
Number of fatal accidents 0 0 0
Lost work days due to accident 106 177 122
Incidents without days of absence 0 6 3
Injury Rate (IR) 1.64 3.92 3.88
Lost Day Rate (LDR) 21.73 43.31 43.03
Absence rate (AR) 144.91 288.88 286.99
Total work accidents 8 16 11
Work accidents with days of absence from work 8 10 8

Health and Safety Investments

€268,020.11
2018

04

Caring for the environment

Sustainable Development Goals related to our operation

Priorities

1
Environmental management
2
Energy
3
Raw materials and supplies (holistic management & recycling)
4
Water
5
Air pollution
6
Greenhouse Gas emissions
7
Noise
8
Biodiversity
9
Environmental awareness actions

Environmental sustainability has been a key objective since the project design phase. Nea Odos recognises the extent of its impact on the natural environment and implements an integrated environmental management system demonstrating that a motorway can operate successfully without harming or disturbing the natural environment.

Electric energy consumption for road lighting and buildings (kWh)

Solar energy consumption for Emergency Response Telephones (kWh)

Vehicles and Patrols

Nea Odos’ Vehicles

55

Own

65

Leased

Kilometres Covered

7,095,584

Fuel Consumption

 

Fuel Consumption (Litres) 2018 2017 2016
Nea Odos Subcontractors Nea Odos Subcontractors Nea Odos Subcontractors
Gasoline - 27,374.75 5,743 27,783 2,687 96,340
Diesel (Fleet) 637,684.26 629,109.3 525,932 593,010 369,490 291,003
Diesel (Generators) * 16,280.65 3,319 1,880 1,380
LPG - 115,520 - 111,000 85 16,870

 

Use of Raw Materials and Supplies (Nea Odos)

Categories of Raw Materials Material 2018 2017 2016
Raw Materials (Kg) Sawdust 4,300 4,350 4,400
Printing paper 8,570.03 10,875 4,642
Paper (paper thermal rolls) 25,101.25 12,256 12,635
Ink / Toners (pcs) 135 126 -
Other (pcs) Transponders 31,500 31,250 15,500 (until 2016)

Use of Raw Materials and Supplies (Subcontractors)

Categories of Raw Materials Material 2018 2017 2016
Raw Materials (Kg) Salt 3,716,940 4,988,238 5,572,350
Sawdust 450 200 2,800
Printing paper 445 290 242

Waste Management Table (Nea Odos)

Categories of Waste Material 2018 2017 2016
Semi-manufactured goods or parts (Kg) Lightbulbs 10 167 1,150 (pcs)
Mixed batteries 17 7 -
Batteries (Lead - Acid) 630 1,510 840
Spare parts (cables) - 242 800 (meters)
Computers / Electrical appliances / Equipment 122 843 3,033 (pcs)
Tires 8,459 9,315 4,480 (approximately)
Mixed waste (Lt) Engine gear box and lubrication oils 3,465 2,441 1,897
Packaging material (Kg) Paper 870 - -
Recyclable materials 2,080 - -
Plastics 100 - -
Other (Kg) Ink / Toners (pcs) 95 - -
Discarded chemicals 100 - -
Contaminated soil (due to the tanker incident) 37,770 - -
Contaminated absorbent materials (due to the tanker incident) 1,588 - -

Waste Management Table (Subcontractors)

Categories of Waste Material 2018 2017 2016
Raw materials (Kg) Iron and steel (barriers, signs) 54,150 74,740 72,320
Plastic (barriers, signs) 260 140 1,270
Semi-manufactured goods or parts (Kg) Lightbulbs 775 - -
Batteries (Lead -Acid) - 960 -
Tires - 6,600 -
Mixed waste (Kg) Engine gear box and lubrication oils (Lt) 4,349,25 3,934 2,517
Animal tissue waste (Roadkill) 5,030 940 1,732
Mixed municipal waste 426,816 278,879 22,420
Other (Kg) Cuts residues 62,600 65,000 79,000

Measurement of Air Pollution

Nea Odos aims to effectively manage air pollution and mitigate its negative impacts. Measurements at air pollution measuring stations are carried out systematically on a 24-hour basis and the recording system communicates with analysts to calculate within 5 minutes possible exceedances of the limits set by the legislation on average primary pollutant emission values and parameters (CO, CO2, NO, NO2, SO2, O3, TSP, PM10, PM2.5, C6H6 (Benzene), C7H8 (toluene) and xylene).

 

Average Annual 2018
Air Pollution Measurements A.Th.E. IONIA ODOS Limits
Varibobi Schimatari Arkitsa Evinochori Filipiada Episkopiko
NO2 38,35 18,7 26,39 3,74 13,31 5,21 40 μg/m3
C6H6 (benzene) 0,51 0,65 0,2 0,18 0,14 0,31 5 μg/m3
CO 0,41 0,25 0,22 0,02 0,19 0,11 10 mg/m3 (1)
SO2 5,1 2,83 3,07 0,97 1,55 1,37 125 μg/m3 (2)
Particulate matters PM2,5 9,59 10,61 9,54 7,13 10,62 4,42 25 μg/m3
Particulate matters PM10 16,96 16,37 14,49 10,00 15,28 6,27 40 μg/m3
Ο3 22,3 45,03 41,10 - - - 120 μg/m3 (3)

1. There was no exceeding the maximum daily eight-hour rate at any station
2. Average daily value should not be exceeded more than 3 times per year
3. There was no exceedance of the maximum daily eight hourly rate and no exceedance > 25 times per year at any station

Total CO2 Emissions (tonnes)

  • Direct emissions from fuel consumption from own fleet (Scope 1)
  • Indirect emissions from electricity consumption (Scope 2)
  • Total

Environmental Protection Investments

€970,891
in 2018
€1,082,657
in 2017
€828,399
in 2016

05

Contribution to Social Development

Sustainable Development Goals related to our operation

Priorities

1
Welfare and social solidarity activities
2
In-kind contributions
3
Cultural activities with a focus on regional development
4
Road Safety education and awareness activities
5
Volunteering
6
Protection of stray animals
7
Corporate Social Responsibility structures
8
Corporate communication

Nea Odos actively participates in local and national programs, caters the needs of local communities and contributes effectively to national development, demonstrating our commitment to corporate responsibility.

Annual contribution to Social Development - Social Product (in th. €)

2018 2017 2016
Payments to suppliers (except materials and intercompany transactions) 63,841.57 65,973.53 66,644.03
Employee salaries and benefits (including insurance contributions) 12,119.37 8,906.90 6,619.37
Payments to providers of capital 33,275.28 8,488.48 6,798.66
In-kind support, financial support and donations (including investments in Corporate Social Responsibility Structures) 631.93 467.82 272.56
Total 109,868.15 83,836.73 80,334.62

Our investments

Evident Support for the Disabled

Free of charge passes of special needs vehicles

152,530

2018

106,158

2017

86,121

2016

Investment

€406,029.40

2018

€353,759.7

2017

€235,220

2016

Cultural Activities

The pioneering initiative at a European level, that is the “Cultural Route of Ancient Theatres of Epirus” program, has been developed by the “Diazoma” and is the largest development bet for the Prefecture of Epirus in recent decades.

Welfare and Social Solidarity Activities

Supported the training of 265 police officers of all levels in identifying and managing incidents of child abuse in collaboration with the ELIZA association.

Training and Awareness Activities

Interactive awareness and training activities:
  • “Cycling Safely” program in collaboration with the “Panos Mylonas” Hellenic Road Safety Institute
  • “Do It Right” experiential program in Boeotia in collaboration with the “Panos Mylonas” Hellenic Road Safety Institute

Investing in Strengthening Corporate Social Responsibility

€16,900

Corporate strategy

€33,649.35

Event participations and collaborations

€16,650

Communication

Total

€67,199.35