The largest urban project in the Mediterranean starts in Greece | Europe up to date | D.W.

Almost 20 years after the airfield closed, 14 since the site hosted some Olympic Games disciplines and nine after it was tendered, excavators started in Greece today (07.04.2020) the works of construction of what is considered the largest urban project in the Mediterranean.

Greek Prime Minister Kyriakos Mitsotakis witnessed the preliminary works of a project in the old facilities of Athens airport, which has been plagued by bureaucratic and political hurdles and still has to overcome a series of hurdles.

If this ambitious project is carried out, the old airport, located in front of the sea and among some of the most select residential areas of the capital, will be transformed into 620 hectares of hotels, shopping centers, sports facilities, a casino, a marina, some 5,000 luxury accommodations and a huge park the size of Hyde Park in London.

Mitsotakis described the plan as “probably the biggest project in the Mediterranean”, which he added will generate around 80,000 jobs in its full development phase.

Greek promoter Lamda Development, in charge of the investment, expects the total cost to be around 8,000 million euros. The first phase is expected to last between 3.5 and 5 years, during which almost a thousand buildings will be demolished and the leisure complex, hotels and shopping center will be built.

However, one of the biggest pitfalls to be resolved is the litigation surrounding the construction of the large leisure complex, considered to be the heart of the investment, for a total amount of 1,000 million euros.

The multinational Hard Rock International, which was one of the two companies admitted to the tender, filed an appeal against the awarding of the project to a consortium formed by the American Mohegan Gaming & Entertainment and the Greek GEK Terna. (ef)

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