ECONOMY

Elliniko project enters fast-track process

The government is looking to accelerate the process of the utilization of the area of Elliniko by Qatari interests by including the project in the fast-track privatization process and through the visit of State Minister Haris Paboukis to the Arab emirate on Tuesday, February 22.

Paboukis expressed on Friday the hope that Greece and Qatar may reach an agreement for the arrival of direct investment to this country amounting to 5-7 billion euros.

Following the meeting of the ministerial committee for strategic investments, Paboukis said that ?for my trip to Qatar, I will carry with me the inclusion of Elliniko into the fast-track process, which obviously interests any potential investor who is serious about it.?

In this context, the minister suggested that ?I hope we will have an agreement on the many points of our blueprint,? adding that ?it is not only Qatar we are talking with as far as Elliniko is concerned. But it is only Qatar that has shown a concrete interest to date.?

Paboukis further noted that ?within the next few days we will announce our consultants for Elliniko.? They will be a financial and a legal consultant, along with Invest in Greece (the state?s investment promotion agency) that will manage the formation of the project once it has matured.

Elliniko, Paboukis stated, ?is a bold and visionary project that is now entering its realization phase.? He went on to exalt the benefits of this plan.

The minister also noted on Friday that Qatar is a very serious investor which, among other advantages, has particular experience in these kinds of projects and possesses both the ?will? and the ?financial clout? to take an investment like that all the way.

Qatar successfully undertook the refurbishment of Canary Wharf in London, a project that Paboukis said was ?similar in scope to that of Elliniko.?

The ministerial committee also examined the action plan for the implementation of other public or private investments that could enter the fast-track process.