Agreement for Elliniko development to be signed on Monday
The agreement between the Greek government and Lamda Development is expected to be signed on Monday. The Elliniko development was included in the list of prior actions required to complete the bailout review.
According to reports, the agreement to be signed provides that installment payments will be higher and brought forward. Furthermore Lamda Development will undertake a greater proportion of the burden for maintaining the metropolitan park.
Lamda Development’s offer for the Elliniko project amounts to 915 million euros, which was improved at the request of privatization fund TAIPED. The amount will be paid out in installments.
You may be interested
Regling: “We are ready to ease the Greek debt”makis - Feb 23, 2018
Technical work has begun to determine whether Greece will need a debt relief after an expected exit from the rescue…
Turkey threatens violence against Italian drill ship anew in Cyprus!makis - Feb 23, 2018
Turkey continued its belligerent stance off the coast of Cyprus on Friday, as it openly threatened violence against the Italian…
Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelinesmakis - Feb 23, 2018
Greek PM Alexis Tsipras met with German Chancellor Angela Merkel on the sidelines of the Brussels EU Summit, Thursday. According…