New Development & Investments Minister Adonis Georgiadis, among the most high-profile members of the new Mitsotakis Cabinet, on Tuesday, greeted Lamda Development CEO Odysseas Athanasiou in his first meeting since being sworn-in, a highly symbolic development that is directly linked with the new government’s stated priority of jump-starting the Lamda-led Helleniko privatization, naftemporiki.gr reports.
The almost eight-billion-euro Helleniko project has been beset by ubiquitous Greek “red tape”, legal challenges and even political opposition for years. Just last week ATHEX-listed Lamda decried the issuance of a joint ministerial decision by the outgoing Tsipras government that essentially mandated culture ministry approval for every construction, including landscaping, made at the site.
Lamda pointed out no such provision is included in the law, whereas the extra “layers” of bureaucracy will render the privatization as unfeasible. The company also charged that the previous government engaged in a mockery over the past four and a half years.
“Prime Minister Kyriakos Mitsotakis has ordered that obstacles to this project be removed, and that’s what will happen,” Georgiadis stressed on his Twitter account.
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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Konstantin von Wedelstaedt
