The much-debated investment deal for the huge plot in Elliniko has been temporarily suspended by the Court of Auditors. A report in Ta Nea states that privatization fund TAIPED, which is handling the deal on behalf of the Greek state, was informed of this development on Tuesday.
According to the newspaper report the Court of Auditors came to its decisions citing a number of technical reasons, without commenting on the essence of the deal. In response, TAIPED will likely request that the decision be repealed, as it has done in similar cases in the past.
The deal with the Lamda Development joint venture was agreed upon about five months ago and provides that the investors will reform the site of the former international airport. Lamda Development will pay 915 million euros for Elliniko, however it must first receive approval from the Court of Auditors before carrying out its investment.
