Investment in Hellinikon: Last Joint Ministerial Decision was signed

3 October 2019
318 Views

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 Greece: 342 new cases & 9 fatalities
GREECE
shares23 views
GREECE
shares23 views

Coronavirus Greece: 342 new cases & 9 fatalities

Panos - Sep 25, 2020

The Greek competent authorities announced today 342 new cases of coronavirus in the country, of which 24 are associated with…

Weather forecast: Cloudy
GREECE
shares9 views
GREECE
shares9 views

Weather forecast: Cloudy

Panos - Sep 25, 2020

Clouds, rain and winds from variable directions are forecast for Friday. Wind velocity will reach 6 on the Beaufort scale.…

Mitsotakis: We can succeed without lockdown
GREECE
shares21 views
GREECE
shares21 views

Mitsotakis: We can succeed without lockdown

makis - Sep 24, 2020

“I will say it openly: The dilemma is ‘Self-protection or Quarantine‘” stressed the Greek Prime Minister Kyriakos Mitsotakis in his…

Leave a Comment

Your email address will not be published.