Qatar back in the race for Greek airport project

AFP

Athens QATAR has a public contest for the development of the former Athens airport, one of the prized sites of Greece the privatisation drive, a Greek spokesman said again on Wednesday.

The Emirate "has signed the confidentiality agreement and is to return to the quote Hellinikon," Government spokesman Simos Kedikoglou told To Vima radio.

"This is important news," he added.

Qatari Diar, a subsidiary of the Qatar Investment Authority, had pulled out of the tender in January ahead of a visit to Doha by Greek Prime Minister Antonis Samaras.

Greek reports at the time suggested that Qatar had only a direct allocation of the contract would discuss.

The three other bidders are Elbin Cochin Ltd from Israel, London & regional properties of Great Britain and Lamda Development of Greece.

The old Hellinikon Airport, an end-of-life Olympic park that is considered one of the cash-strapped nation most attractive property assets, was originally put up for sale in December 2011.

Reports at the time said the Government hopes to raise at least 5.0 billion euros from the sale.

Located eight kilometers (five miles) South of Athens, Hellinikon and attached 337-berth Marina, built for the 2004 Olympics include almost 620 ha (23,605 hectares) and include water side of about 3.5 km.

It's more than three times the size of Monaco, and more than twice the size of Hyde Park in London.

According to the Greek Privatization Agency forecast the last submission of technical offers in July 2013 will take place.

Greece had originally promised to increase by € 50 billion ($ 66.8 billion) through the sale or lease of State assets by 2015, a commitment to the European Union and the International Monetary Fund in exchange for debt bailout funds.

This was later scaled down to € 19 billion, and in October the Government said that it intended that only 9.5 billion euro increase by 2016.

Kedikoglou said on Wednesday that this year targeted privatisation revenues of € 2.6 billion ($ 3.5 billion) would be "exceeded."

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