WHAT WE DO

Ktiriakes Ypodomes S.A. is an innovative state-owned company.

Ktiriakes Ypodomes S.A. was created in November 2013 from the merger of three state-owned construction companies: DEPANOM S.A. [in charge of the construction and the equipment of hospitals], SBO/OSK S.A. [in charge of the construction and the equipment of educational facilities] as well as Themis Constructions S.A. [in charge of the construction and the equipment of courts of justice and correctional facilities]. The merger will be finalised in August 2015 when Themis Constructions S.A. will adhere to the new scheme.

The merger and the creation of a new company that would terminate the fragmentation of competencies for the construction and equipment of public buildings’ infrastructures between different actors, has been ordained by the current needs of the Greek society and economy. A new integrated approach for the creation of public infrastructures is needed to attain optimum results with the most beneficial financial terms.

The main sources of financing for the works of Ktiriakes Ypodomes S.A. are Greece’s national budget and the national programme for investments. Also and very importantly, thanks to the nature and the quality of our works, we are often beneficiaries of loans from the European Investment Bank [EIB, www.eib.org] and our projects are eligible for co-financing of EU funding, such as from Structural Funds.

The company’s activities are overseen by the Ministry of Infrastructure and Transport. Depending on the area to which every project belongs, other sectoral authorities are also consulted: for example for schools we collaborate with the Ministry of Education, for hospitals with the Ministry of Health, for buildings in the Justice sector with the Ministry of Justice, and so on.

Ktiriakes Ypodomes S.A. work is to deliver “ready-to-use” public buildings.

Ktiriakes Ypodomes S.A. provides the construction of public buildings throughout the production chain, from land acquisition, licensing and design, to public procurement, project supervision and equipment. This is done either directly or through Public-Private Partnerships [PPPs] managed by KTYP S.A. or even bilateral contracts with local authorities.

The company was born from the merger of three existing construction state-owned corporations [see Profile] but our scope of work goes far beyond the competences of the former companies.

The main business activity for Ktiriakes Ypodomes S.A. will still be constructing and equipping schools, hospitals, tribunals and penitentiaries since most needs in Greek public infrastructures arise upon these areas. Notwithstanding, the company’s mission includes construction, equipment and counselling for the creation of public buildings of any other area.