BUSINESS

Lamda unveils Elliniko plans

Lamda Development presented plans on Tuesday for the utilization of the old airport plot at Elliniko, southern Athens, with the investors who have undertaken the development of the 6.3-square kilometer site (the Latsis Group’s Lamda, Al Maabar from the United Arab Emirates and China’s Fosun Group) claiming they are ready to start work at Elliniko from today.

However a more realistic target would be 2016, when the 7-billion-euro investment is expected to start.

The project aims to to create a destination of global appeal that will increase the annual tourism flow to the Greek capital to 3 million visitors from 2 million today.

It will include a 2 sq.km metropolitan park, a 3.5 km seafront and supplementary infrastructure such as roads, squares, utility networks, and a tram link with metro stations, among others.

Online