Sub-Project 1

Street LED lighting

The projects concern the refurbishment of 24 700 street lighting points, installed in the roads existing in the Region of Central Macedonia, under the responsibility of at least four municipalities (20 100) and the Region (4 600). The overall investments related to street lighting amount to approx. EUR 12.50m (VAT included)

The Energy efficiency in street lighting project will be implemented through the PPP approach and the winning bidder will be responsible for financing, installing, and maintaining the new efficient street lighting network based on LED technology. The PPP remuneration system will be based on the performance achieved after the replacement of the luminaires and the main objective of using PPPs instead of EPCs is to diversify and learn on how different financing mechanisms could work