Athens’ southern burbs: Faliron Bay project inked

The signatures for the regeneration of Faliron Bay have finally been signed, as reflected in an official announcement by the Ministry of Development.

According to a relevant announcement, within the framework of the directions of the Minister of Development & Investments, Adoni Georgiadis, the inclusion of the Faliron Bay Redevelopment project, with beneficiary the Region of Attica, in the Operational Program of the Ministry: “Transport Infrastructures, Environment and Sustainable Development”.

The budget of this complex project amounts to 365.4 million euros and its financing is carried out in 2 phases with the first phase having been implemented within the 2014-2020 NSRF Programming Period (with a funding budget of 110.44 million euros). euros) and the second phase in the Programming Period 2021-2027 with the remaining funding.

The project

This innovative and emblematic project concerns the complete regeneration of the FalironFront and includes the following projects:

· Creation of a Metropolitan Park

· Lateral displacement of Poseidon Avenue

· Projects of environmental facilities, landscaping and planting on an area of 536 acres

· New building projects with a surface area of 3,957.30 sq.m

· Underground surface parking areas 30,930 sq.m

· Footbridges

· Port projects such as piers, islets but also beach formations that complete the entire regeneration on the sea front

· Other Supporting Projects in the Sea and the Metropolitan Park

· Hydraulics – Anti-Flood Works

The comprehensive regeneration of Faleric Front aims to:

• The environmental upgrading of the area and the creation of a Metropolitan Park with the focus on nature, culture, exercise and entertainment.

• The restoration of the communication of the urban tissue with the sea front, with the functional rearrangement of the technical infrastructures and especially the transportation projects of the coastal zone.

• Effective flood protection of the immediate and wider area.

• The functional and aesthetic coherence of the coastal zone from the area of Piraeus and the Peace and Friendship Stadium to the Faliro Delta, utilizing and upgrading the already implemented Olympic Projects.

• Ensuring the viability of the Metropolitan Park.