Privatization committee to set out plan

The government is expected to approve procedures paving the way toward the faster development of state property assets during an interministerial privatization meeting scheduled for today. Real estate assets, including Athens’s former international airport at Elliniko (picture), will be a basic part of Greece’s privatization program, which is targeting 7 billion euros in revenues by 2013. The speedier procedures will allow the state to solve property development problems concerning the environment, city-planning issues, ownership disputes and local infrastructure. By the end of June next year, the government is expected to complete fully recording its property portfolio. The privatization committee is also expected to appoint advisers for the sell-off part of gas company DEPA and a 66 percent stake in Hellenic Defense Systems. Other state assets that will go under the hammer include the Hellenic Railways Organization (OSE).

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