Destinations news Thirty Hectares at Hellinikon Former Airport Declared as Archaeological Site by GTP editing team 4 October 2017 written by GTP editing team 4 October 2017 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 7 The Greek Culture Ministry’s Central Archaeological Council (KAS) on Tuesday decided that some 30 hectares of the 620-hectare plot at Helliniko, southern Athens, will be classified as an archaeological site, designating specific areas where construction should not be allowed. Photo © Reuters/Yorgos Karahalis The news was welcomed by the Greek government as the decision gives clearance for an 8 billion euro project to take place at the abandoned Hellinikon airport site by the Lamda Development investment venture. “The decision is fine,” Deputy Economy Minister Stergios Pitsiorlas, told Reuters, adding that archaeologists will have a closer supervision of construction work. “The fact that a small area is declared of archaeological interest shields the whole process from future litigation.” However, insiders are saying that changes will be required to the initial master plan of the investment tabled in June, which in turn would mean re-negotiating with the government. Hellinikon investors wait for specifics Athens-based Lamda Development SA said that before making a public statement with regards to the resolutions of KAS, it is waiting for the official notification in respect of their exact content. “Having reviewed subject resolutions and the accompanied diagrams, the Company shall be able to assess the implications to the Master Plan and the Business Plan, always adhering to the signed and ratified by the Greek Parliament contractual documents,” Lamda Development said in an announcement. The developer added that the importance of the archaeological findings has been included from the beginning in the Company’s undertakings and moreover it is also provisioned both by the relevant legislation and the MOU with the Ministry of Culture, irrespective of the decisions of the State Administration. Helliniko plan by Lamda Development. A basic requirement by Greece’s third bailout program, the ambitious plan to create one of the largest multipurpose hubs along the Athenian Riviera has been running into delays and doublespeak ever since the Lamda Development investment venture signed a 99-year lease with the Greek state in 2014 for the 620-hectare area. This was the archaeological council’s fourth attempt to reach a decision on the matter. Its initial recommendation was for 300 hectares of the plot to be declared of archaeological interest and therefore unsuitable for development. KAS’ decision came two days after a four-member forestry department panel ruled an appeal that a plot on the Hellinikon site was not a forest. 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 Public Revenue Authority Launches More Probes into Greek Hotels next post Elatos Resort to Host Greek Version of Oktoberfest Beer Festival You may also like Test post 6 June 2025 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 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ