The development of Athens’ former international airport “Ellinikon”, which stretches out over an area of 6.2 million square metres, has begun today. The Greek Deparment for the Development of State Property, which was created as part of the economic plan to restructure the Greek economy and promote the country’s privatisation programme, announced the opening of a tender for the purchase of the majority share package in the Elliniko AE group.
A statement from the Office for Development says that the aim is to redevelop the airport and part of its land – which features a 3.5 kilometre stretch of beach – and turn it into one of Europe’s largest parks. AT the beginning of the process, the statement says, participation requests will need to be presented by 17:00 (Athens time) on March 30 2012. Investors chosen for the subsequent stage will need to present binding offers as well as a business plan and will need to prove their ability to finance the work.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
