Investments Athens Projects Moving Ahead as Planned, Minister Says by GTP editing team 26 November 2014 written by GTP editing team 26 November 2014 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 4 Panepistimiou Street project. Plans to revamp Panepistimiou Ave as well as the property along the Faliro coast will continue as scheduled, Infrastructure minister Michalis Chrysochoidis said recently. In this direction, the minister announced the bidding process in the coming days for flood control works estimated to cost 50 million euros in efforts to win back confidence in the government. The minister’s response came in response to media reports that the European Commission had expressed its objection to works along the Faliro coastal front and along central Athens Panepistimiou Avenue, claiming that plans were “ornamental”. “In this country the government runs the show,” Mr. Chrysochoidis said as reported in Kathimerini daily. Reports claimed that the Commission had called on the Greek government to re-examine the projects up for completion through the NSRF (National Strategic Reference Framework) grants. The Commission says it cannot fund “ornamental” works when other priority projects are still incomplete. According to reports, the EU Commission said funds should be allocated to priority works such as Line 4 of the Athens Metro and the completion of the country’s highways. “The Commission did not reject any plans,” Mr. Chrysochoidis said. “It merely expressed concern about the progress of the two works expected to cost approximately 500 million euros so that other works won’t lag behind.” According to sources cited in Kathimerini, the Commission had already expressed its objection to the two projects last summer and last week requested the government slash the projects all together to make room for more urgent works. The Onassis and the Stavros Niarchos foundations, which both funded studies for the overhaul of Panepistimiou Ave and the Faliro Delta, expressed concern and disappointment over the recent developments. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Sharing Economy Thorny Issue for Greek Tourism next post Athens Honey Fest to Draw in the Crowds You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ