Investment in Hellinikon: Last Joint Ministerial Decision was signed
The last pending step by the State for the big investment in Hellinikon was finalized. According to safe information from the Ministry of Development and Investment the fourth Joint Ministerial Decision, which concerns the construction of the property was signed.
This is essentially a decision that completes labels the project mature and follows the JMDs for the metropolitan park, casino and development zones.
It was preceded by the adoption of an Act of Legislative Content to overcome the obstacles that existed.
In essence, it is a government effort and personally by Development Minister Adonis Georgiades, who took over all government coordination, doing within three months what hadn’t been done in years.
Everyone is now waiting for tomorrow’s biddings for the casino license contest.
As it seems Mohegan and Hard Rock International will have to “fight” for the license they need to build and operate a resort that will make Athens the top entertainment destination in Southern Europe.
According to estimates we could see the final signatures within 1,5 months provided there are no objections from the two rival companies.
The resort is also the key for the project to move forward. Lamda Development has already begun the process of finding the necessary resources with the on-going share capital increase.
You may be interested
Coronavirus: Negative record with 453 new cases, 174 in Attica & 6 fatalitiesmakis - Sep 21, 2020
Greece announced today 453 new coronavirus cases of the in the country, of which 195 are associated with known cases…
Turkey issues Navtex with live ammunition south of LesvosPanos - Sep 21, 2020
Turkey issued a new Navtex today south of the Greek island of Lesvos with military exercises involving live ammunition. The…
US Secretary of State Pompeo to visit Greece on September 25Panos - Sep 21, 2020
According to source, US Secretary of State Mike Pompeo is expected to visit Athens from September 25 to 27. The…