The investment amounts to € 8 bn., and is expected to create 10,000 permanent jobs during the construction period and 75,000 jobs (IOBE study, July 2016) during its maturity. Lamda presented a comprehensive plan which would turn the old Athenian airport into a massive complex comprised of urban development projects, involving both business and leisure activities. ATHENS, Greece -- Greece’s prime minister on Friday declared the start of preliminary work on a long-delayed major development project at the prime seaside site of the old Athens airport. After many years of uncertainty, it seems that the city of Athens is slowly progressing towards a clear plan for the future of Athens’ old international airport. Moreover, the Project is expected to substantially contribute to the repositioning of Athens as one of the major world class tourist destinations as it will provide a significant number of new units as well as thematic tourism venues, expected to attract at least 1 mil new tourists while significantly reduce seasonality and at the same time increase the average stay over and spending of tourists in Athens. The Project consists of an integrated urban development model that will combine the area’s natural beauty and unique inherent characteristics with landmark buildings and state-of-the-art infrastructure. Full story: https://bit.ly/2D3VOwl The Project consists of an integrated urban development model that will … The aim is for Athens International Airport to be able to handle 30m passengers per year, with a long-term goal to achieve a capacity of 50m passengers per year, by 2040. 2019 was another positive year for Athens International Airport (AIA), since traffic surpassed the previous historical records, reaching 25.57 million passengers, and exceeding prior year levels by 1.4 million passengers, an increase of 6%. Among Europe's most iconic development plans; the Hellinikon project broke ground today promising to reshape the old Athens airport into a dream city a few minutes away from the Greek capital. The development of the 620-hectare (1,500-acre) Hellenikon site was a key element of the privatization drive that was part of Greece's international bailouts. A prominent Greek development fund on Tuesday announced plans to create a 'world-class resort' at the former Athens airport of Hellinikon that could be bring around four billion euros ($5.4 billion) to Greece's ailing economy. The investment in a new casino at the Elliniko development project will increase tourism traffic in Athens by as much as 10% a year, according to Mario Kontomerkos, chief executive officer at Mohegan Entertainment, which heads the consortium that will be building the casino complex at the site of the old Athens airport. ATHENS -- The lockdown that kept Greeks at home for more than two months to slow the spread of COVID-19 also halted the early stages of starting the 8-billion euro ($9.06 billion) development of the old Hellenikon International Airport. A few years back, the redevelopment of Athens’ old airport looked set to be a major, singularly depressing scandal. The development of the 620-hectare (1,500-acre) Hellenikon site was a key element of the privatization drive that was part of Greece's international bailouts. by Gct. The country received billions in emergency loans to tackle a catastrophic financial crisis, but had to pass sweeping structural reforms and privatizations in return. “It will be a modern, ecological project that is friendly towards the environment,” Mitsotakis said. Kyriakos Mitsotakis hailed the start of work as a major step in the implementation of what he described as “possibly the largest project in the Mediterranean.” After his brief speech on site, bulldozers began pulling down one of the more than 200 abandoned buildings. Thus, it is expected to have a positive effect not only on the region of Attica but on the entire country as well. Kyriakos Mitsotakis hailed the start of work as a major step in the implementation of what he described as “possibly the largest project in the Mediterranean.” The revamping of the airport has been tied up in court cases for nearly two decades, with critics of the project citing environmental and heritage concerns. The Athens International Airport “Eleftherios Venizelos” (AIA)opened in March 2001 to replace the Athens (Hellenikon) International Airport. The Project constitutes the largest urban regeneration project in Europe, designed to add significant new investments and uses in the areas of tourism, culture, entrepreneurship, innovation and in the environment. From the March 2016 issue of Landscape Architecture Magazine. The Hellinikon, an enormous area on the outskirts of Athens, Greece, is testament … The old airport site was sold to a consortium led by Greek Lamda Development, which has planned an 8 billion-euro investment, including a park, housing, shopping areas, a marina, hotels and a beach that will be freely accessible. in taxes to the Greek State over the same timeframe. A breakthrough vision is coming to life. After years of delays due to bureaucratic red tape, political resistance and local opposition, demolition crews began tearing down the first block of buildings out of hundreds that need … Mitsotakis inaugurated the start of construction work on a long-delayed major development project at the prime seaside site of the old Athens airport. An aerial view of the Hellinikon International Airport site in Athens shows the extent of the redevelopment project. The airport had an official capacity of 11 million passengers per year, but had served 13.5 mi… A n abandoned airport complex in Athens currently housing a makeshift migrant camp is destined to be transformed into one of Europe’s biggest coastal resorts if a Greek development … From Los Angeles, Charles Anderson, FASLA, tackles the site of a lifetime at the old Athens airport. AUTHOR Prof. S.N.Pollalis Inc. as chief planner and Hellinikon S.A. CEO (Hellinikon S.A. was the public company for the redevelopment of Hellinikon) LOCATION Coastal zone of Athens, Greece. ATHENS – Greece started work clearing ground on Friday for a real estate project that plans to turn a disused airport on the Athens coast into one of Europe’s biggest tourist resorts, three times the size of Monaco. (AP Photo/Thanassis Stavrakis). The old airport of Athens. Greece Approves Old Athens Airport Redevelopment; Greece Approves Old Athens Airport Redevelopment. 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