What Olympia Odos does

Olympia Odos S.A. is a Greek motorway concession company established in 2008 under Law 3621/2007 to design, finance, construct, and operate the Elefsina-Korinthos-Patras-Pyrgos-Tsakona motorway (A8), a 201+ km corridor connecting Athens to the Peloponnese, Western Greece, and the port of Patras. The company operates as part of the VINCI Concessions/VINCI Highways international network, with a wholly-owned subsidiary, Olympia Odos Operation S.A., handling day-to-day toll collection, customer service, traffic management, and routine maintenance. Olympia Odos processed 57,493,000 toll transactions in 2023 across three payment channels: manned lanes (28%), Automatic Payment Machines (24%), and the OLYMPIA PASS electronic transponder system (48%), the last of which incorporates Greece's first hybrid distance-based tolling system that auto-refunds overcharges based on actual kilometers traveled.

Revenue is generated primarily through transactional toll fees, with a recurring OLYMPIA PASS subscription component and interoperability across Greek motorway networks. Disclosed net sales/turnover reached €119,373 thousand in 2023, up from €112,415 thousand in 2022 and €97,525 thousand in 2021, with €66,941 thousand in operating costs. The technology stack includes Smart Tunnel IoT/AI/ML predictive maintenance, an Adaptive Lighting system with predictive traffic algorithms, computer-vision-enabled CCTV monitoring, the Pavement Management Plan Tool, and MIRANDA settlement monitoring. Customer segments include individual drivers, professional freight operators, tourists, local communities, disabled users (237,532 free passages in 2023), and government/traffic police; the company serves its market through 11 Motorists Service Stations, multiple Traffic Control Centers, a mobile app, and direct customer service channels.

Name

Olympia Odos

Legal name

ΟΛΥΜΠΙΑ ΟΔΟΣ Ανώνυμη Εταιρεία ΠΑΡΑΧΩΡΗΣΗΣ για τον Αυτοκινητόδρομο ΕΛΕΥΣΙΝΑ – ΚΟΡΙΝΘΟΣ – ΠΑΤΡΑ – ΠΥΡΓΟΣ - ΤΣΑΚΩΝΑ

Website

https://olympiaodos.gr

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Olympia Odos S.A. is a Greek motorway concessionaire operating the 201+ km Elefsina-Korinthos-Patras-Pyrgos-Tsakona (A8) corridor on behalf of the Greek state, generating approximately €119M in 2023 toll revenue from 57.5M transactions across individual drivers, commercial freight, tourists, and disabled users.

Ownership category

akta.pro rank

Product category

Toll Motorway Operations and Highway Infrastructure Management

NAICS

Support Activities for Road Transportation (4884)

SIC

Transportation Services (4700)

akta.pro primary industry

Highway & Roadway Network Operations (O&M) (TLAJAAAA)

akta.pro secondary industries

Tolling, Pricing & Revenue Operations (Toll Roads, Congestion Pricing, Enforcement) (BPAIALAH), Interoperability & Clearinghouse Services (Multi-Agency Toll Settlement) (TLAJABAF), Toll Violation Management, Collections & Dispute Resolution (TLAJABAG), Routine Patrol, Incident Support & Maintenance-of-Traffic (MOT) for O&M Activities (TLAJAAAJ), Roadway Structures & Geotechnical Asset Maintenance (Retaining Walls, Slopes, Rockfall) (TLAJAAAI)

Keywords

• Toll road operations
• Electronic toll collection
• Motorway concession services
• Traffic management
• Highway infrastructure maintenance

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Toll Collection: The primary revenue stream comes from collecting tolls on the Elefsina-Korinthos-Patras-Pyrgos-Tsakona motorway. The company operates multiple toll payment methods: manned lanes (28% of transactions), automatic payment machines (24%), and OLYMPIA PASS transponder electronic lanes (48%). The hybrid distance-based tolling system calculates charges based on actual kilometers traveled for OLYMPIA PASS subscribers, with automatic refunds for overpayment.
2. Concession Fees and Government Revenue Share: As a state concession project established under Law 3621/2007, Olympia Odos operates under a long-term concession agreement for the design, financing, construction, and operation of the motorway. Net sales/turnover reported at €119,373 thousand in 2023 (up from €112,415 thousand in 2022 and €97,525 thousand in 2021).
3. Toll System Technology Services: The company generates revenue through the OLYMPIA PASS electronic toll service, including transponder sales, account management, and interoperability with other Greek motorways. The €9.5 million hybrid tolling system investment is managed with operating costs and generates revenue from transaction processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels12 records

Core offering

Olympia Odos operates the 201+ km Elefsina-Korinthos-Patras-Pyrgos-Tsakona motorway (A8) under a Greek state concession, collecting tolls through manned lanes, automatic payment machines, and the OLYMPIA PASS electronic transponder system (including the hybrid distance-based tolling system). It maintains the corridor infrastructure (9 tunnels, 8 cut-and-covers, 356 retaining walls, 228 bridges), provides traffic management via Traffic Control Centers, and offers traveler services including EV charging, safe truck parking (SSTPA), the "Water from the Air" program, and road-safety initiatives.

Product overview

Olympia Odos operates as a toll motorway concessionaire (A8: Athens-Pyrgos) managing the Elefsina-Korinthos-Patras-Pyrgos-Tsakona route. The core offering is the OLYMPIA PASS electronic toll collection system, which includes the innovative OLYMPIA PASS Hybrid distance-based tolling that calculates charges by actual kilometers traveled. Supporting services include a mobile app, EV charging infrastructure at 11 stations, and the award-winning 'Water from the Air' sustainable drinking water program. The company employs AI-powered technologies including Smart Tunnel predictive maintenance systems, Adaptive Lighting with traffic-responsive algorithms, and computer vision-enabled CCTV monitoring for traffic management and incident detection.

Differentiator

Problem solved

Functional benefit

Brands

• OLYMPIA PASS: Electronic toll collection system and transponder service for automatic toll payment
• OLYMPIA PASS Hybrid
• Moto Card

Products and services

• OLYMPIA PASS Electronic toll collection (ETC) transponder system enabling automatic, cashless toll payment for drivers on the Olympia Odos motorway.
• OLYMPIA PASS Hybrid Pioneering hybrid distance-based tolling subscription that calculates vehicle kilometers using sensors, cameras, and intercoms at interchanges and automatically refunds subscribers any difference if their actual distance is less than the zone charge.
• Moto Card Dedicated electronic toll device designed for motorcycle users to pay tolls through the motorway's electronic toll lanes.
• Olympia Odos Mobile App Official mobile application for OLYMPIA PASS account management, transponder top-up, profile updates, real-time traffic information, and access to traveler services.
• EV Charging Stations Electric vehicle charging infrastructure positioned at Motorists Service Stations along the motorway, available to drivers of electric vehicles traversing the A8 corridor.
• Water from the Air Award-winning sustainability program that produces clean drinking water from air humidity using solar-powered technology, deployed at 11 motorway parking areas with telemetry for real-time monitoring.
• Safe & Secure Truck Parking (SSTPA) Secure truck parking facilities meeting European standards for safe truck stops along the motorway, used by professional drivers and freight operators.
• Traffic Prediction Service AI-powered traffic forecasting service providing real-time and predicted traffic conditions to help drivers plan journeys along the A8 motorway.
• Interactive Motorway Map Digital interactive map displaying traffic conditions, construction zones, Motorists Service Stations, EV charging stations, cultural and gastronomic destinations along the Olympia Odos route.

Quantifiable outcome

• 74% reduction in fatal accidents across the entire Olympia Odos motorway since 2008
• +9 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability8 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• KEAN (Stymphalio)minorStrategic or Co-development Partner · 1 January 2021Olympia Odos participates in the Greek Diversity Charter supported by KEAN and the European Commission. The partnership demonstrates commitment to creating an equal, stereotype-free, and inclusive working environment that promotes respect and social cohesion.
• TÜV HELLAS (TÜV NORD)coreStrategic or Co-development Partner · 1 January 2021The motorway project implements an Integrated Management System (IMS) certified by TÜV HELLAS (TÜV NORD), covering quality, safety, and environmental standards for the operation and maintenance of the motorway infrastructure.
• VINCI Concessions / VINCI HighwayscoreStrategic or Co-development Partner · 1 January 2020Olympia Odos operates within the VINCI Concessions network and follows VINCI Highways' global environmental strategy for 'green' road transport across 16 countries, aiming for Zero CO2 emissions by 2030. The company participates in VINCI Safety Week initiatives and shares best practices across the global network. Olympia Odos' philosophy and technology are aligned with VINCI's broader infrastructure and sustainability standards.
• Mr. Giorgos Pitas / Greek Gastronomy GuidecoreStrategic or Co-development Partner · 1 January 2019Since 2019, Olympia Odos partners with Mr. Giorgos Pitas and the Greek Gastronomy Guide to promote 4 gastronomic destinations (Patras, Nemea, Aigialeia, Kalavryta) as alternative tourist and gastronomic routes. This initiative supports local economies by boosting small businesses, producers, and local associations. The promotional videos created have attracted hundreds of thousands of viewers on YouTube.
• Road Safety Institute (RSI) 'Panos Mylonas'coreStrategic or Co-development Partner · 1 January 2016For six consecutive years, Olympia Odos and the 'Panos Mylonas' Road Safety Institute (IOAS) have organized road safety Pit Stop events at the Megara Motorists Service Station, providing free vehicle technical inspections to travelers. The partnership also includes the 'In real life there is no Undo' CSR program which has trained over 10,000 students on responsible driving behavior. Panayiotis Papanikolas (Chairman & CEO) and Vasiliki Danelli-Mylona (President of RSI) lead the joint initiatives.
• DIAZOMA AssociationcoreStrategic or Co-development Partner · 1 January 2014Since 2014, Olympia Odos cooperates with DIAZOMA Association to promote the Cultural Route of Olympia Odos, highlighting archaeological sites and areas of environmental importance along the motorway. The partnership aims to create synergies between local producers, cultural sites, and tourism, ultimately triggering development potential in all areas along the motorway. The main axis is connecting the branded cultural tourist product with sustainable development.
• Safe Water SportsminorStrategic or Co-development Partner · 1 January 2014Olympia Odos maintains a partnership with Safe Water Sports, an organization dedicated to educating the public about sea safety. Annual informational campaigns are conducted at 15 locations (Motorway Service Stations and Customer Service Centers), along with social media and app promotion, to raise awareness about sea safety and reduce drownings.
• Hellenic Paralympic CommitteeminorStrategic or Co-development Partner · 1 January 2014Olympia Odos is an Official Supporter of the Hellenic Paralympic Committee for 10 years (as of 2023), supporting Paralympic athletes and promoting inclusion and accessibility.
• SKAI Radio 'ALL TOGETHER WE CAN' Environmental CampaignminorStrategic or Co-development Partner · 1 January 2014Olympia Odos participates for the 11th year in the SKAI 'ALL TOGETHER WE CAN' environmental action, distributing 20,000 paper bags as part of the environmental initiative.

Scale indicators20 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cintra (Ferrovial): Global toll road concession developer and operator; a broad incumbent peer with comparable technology-led tolling and long-term concession models.
• VINCI Highways: Parent network operating toll roads and motorways across 16 countries; broad incumbent peer that defines Olympia Odos' strategic, environmental, and technology standards and shares best practices across the portfolio.
• Abertis: Global toll road operator with significant European concessions; a broad incumbent peer in mature-market motorway concessions, comparable on toll collection, traffic management, and concession lifecycle management.
• Autostrade per l'Italia: Italy's largest toll motorway concessionaire; broad incumbent peer comparable on tolling technology investment, regulatory complexity, and large-scale motorway O&M.

Emerging players

• Transurban: Operates urban and interurban toll roads primarily in Australia and North America; comparable as a publicly listed toll-road specialist benchmark for valuation, technology investment, and concession economics.

Direct peers

• Attiki Odos S.A. Operates the Athens peripheral motorway ring road under concession; a Greek motorway concession peer with comparable electronic tolling, traffic management, and high-volume urban-corridor operations.
• Nea Odos S.A. Greek motorway concessionaire operating the A1/A2 (Athens–Thessaloniki) corridor; also part of the VINCI Highways network, making it the closest direct peer sharing the same concession model, parent group, and Greek regulatory environment as Olympia Odos.
• Kentriki Odos S.A. Operates the Central Greece Motorway (A1, T2 and T3 sections) under a similar Greek concession structure; a direct peer in motorway O&M, tolling, and Greek public-sector concession economics.
• Moreas Motorway (S.A.): Operates the Corinth–Tripoli–Kalamata and Lefktro–Sparta motorways in the southern Peloponnese; directly comparable concession-based toll motorway operating in the same Greek region as Olympia Odos.

Regional players

• Gefyra S.A. (Charilaos Trikoupis Bridge): Operates the Rio–Antirrio bridge, the Peloponnese's other major tolled crossing; comparable in operating a single Greek toll infrastructure asset and channeling traffic onto/out of the Olympia Odos corridor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/olympiaodossa
• YouTubeyoutube.com/channel/UCCOwz0Ii_wQaOcYqq-RP_WQ
• Facebookfacebook.com/OlympiaOdosMotorway
• LinkedInlinkedin.com/company/olympia-odos
• Instagraminstagram.com/olympiaodos_official

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olympia Odos