Hellinikon airport project may be headed for more delays


Lawmakers at Greece's ruling Syriza party are petitioning for the archaeological sites in the old Athens airport to be clearly defined before the eight billion euro project goes further ahead, raising concerns that there could be fresh delays to development.

Eighteen lawmakers submitted a question in parliament Wednesday, asking to be briefed by the culture and economy ministers about the ancient sites within the area stretching over 6.2 million square meters in Hellinikon, south east Athens.

A consortium led by Greek developer Lamda, that includes China’s Fosun group and Eagle Hills from the United Arab Emirates, has undertaken the project that is seen as playing a key role in kickstarting Greece’s economy. The project, that includes park areas and residential developments, is also seen as transforming the real estate market along the southern Athens area that includes the affluent suburbs of Glyfada and Voula.

Although Greece’s left wing government has openly backed the project after renegotiating the deal since coming into power, factions within the Syriza party oppose the privatisation.

On Thursday, Greek governments officials were quick to deny talk of any delays arising though objections to property developments in Greece over archaeological sites often block property developments.

#Hellinikon #privatisations #Greece #Lamda

© 2019 by The Greek Guru. 

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