Privatisation Of Aiport Site Highlights Obstacles Facing Wider Programme

CFW View: Greece's state privatisation fund's (TAIPED) invitation for expressions of interest (EOI) for a EUR2bn real estate development on the site of the old Athens airport at Elliniko is the latest project to be announced under the government's EUR50bn privatisation programme. While the criteria for the planned development allows for some flexibility in terms of land-use, we expect a number of factors - both domestic and external - to continue to inhibit investor demand for the country's upcoming privatisation tenders.

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