The agreement between the Greek government and Lamda Development is expected to be signed on Monday. The Elliniko development was included in the list of prior actions required to complete the bailout review.
According to reports, the agreement to be signed provides that installment payments will be higher and brought forward. Furthermore Lamda Development will undertake a greater proportion of the burden for maintaining the metropolitan park.
Lamda Development’s offer for the Elliniko project amounts to 915 million euros, which was improved at the request of privatization fund TAIPED. The amount will be paid out in installments.