Commission excludes Faliro and Panepistimiou projects from NSFR list
The European Commission had decided to reject NSRF funding for two major projects in Athens – the pedestrianization of…
The European Commission had decided to reject NSRF funding for two major projects in Athens – the pedestrianization of Panepistmiou in the city center and the renovation of the Faliro coastline – confirming an earlier report in To Vima that was published from the 23rd of November.
According to the European Commission these two major projects were reject ed as they are considered cosmetic and superfluous. The Ministry of Infrastructure maintains however that the plans for the projects will be revised in order to highlight the financial and environmental sustainability and growth potential for tourism.
Other major projects that have been approved include the water supply of Kerkyra, expanding the suburban railway and metro network in Athens and Thessaloniki and the construction of a waste management sites. These projects are expected to generate 32,000 jobs in transportation and 50,000 in the environment sector.