![Elliniko: Poseidonos Avenue to go underground](https://www.ot.gr/wp-content/uploads/2021/06/ελληνικό2.jpg)
The rolling of the large investment of Elliniko, with a total budget of 8 billion euros, last week paves the way for the start of the first phase infrastructure projects, amounting to 500 million euros, which will fully unfold in the next year and a half. Poseidonos Avenue going below surface will be the first project to be auctioned in the summer in order to get a contractor in 2021.
The above was revealed by Mr. Dimitris Zontanos, Chief Planning, Design and Construction Officer for the work of Lamda Development Hellenic, during the 4th Infrastructure & Transport Conference – ITC2021. He even spoke of a technically innovative project, which is “purely Greek” as it is being designed and studied by Greek companies.
He gave the entire outline of the projects that will be take place in 2021 and 2022 and which include the first part of the Metropolitan Park and the port projects on the beach. The building developments of the first five years will concern investments of 1.5 billion euros. The projects cover the entire coastline and the commercial section on Vouliagmeni Avenue. The first buildings to be auctioned will be those of the sports facilities.
The infrastructure of the first phase includes the main road network, the utilities networks, the runoff streams and an important part of the Park with the sports facilities. Streams are the immediate priority, for which innovative methods are to be utilized.
The building developments of the first phase concern the coastal front, which will include, among others, two hotels, houses, and an emblematic skyscraper (tower) with a permitted height of up to 200 m.
Within the next two years, the first interventions in the property, with a total area of 6.2 million sq.m. will be visible. One of the first projects that will be seen by citizens and visitors will be the 75-acre mini park in the area where the preserved Air Force hangars are located. In fact, one of them is already being reconstructed to become a public information venue about the project and the history of the area. The marina will also be upgraded and many infrastructure projects will have already started.
Also, within 2021, the building in which, with a donation from Lamda, the Associations of the Disabled will be housed, which are currently inside the property but are in scattered and unsuitable facilities.
It is noted that the project is already progressing through “Building Information Modeling”, as researchers are required to submit all designs in 3D. In the future, a digital footprint of the property will be created, which will help in improved and more efficient operation.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019