Endeavouring to give Athens’ coastline a major overhaul, the Region of Attica last week signed a 150 million euro agreement with construction firm Aktor to kick-start redevelopment of the Faliro Delta region.
Under the deal, 21 months after construction works begin, the first part of the revamped coastal front will be ready.
Projects include transferring Posidonos Avenue closer to the sea, altering Syngrou and Kifissos avenues, installing a biological cleaning system for Kifissos River, enhancing anti-flood works, constructing a new natural gas pipeline under Poseidonos Avenue, relocating the existing water supply pipeline and creating parks, green spaces and recreation areas.
According to authorities, the upgraded area is expected to attract major investments in real estate and tourism along the coast from Piraeus right through to Cape Sounio.
Plans and projects for Athens Riviera include new luxury hotels and resorts, with Astir Palace in Vouliagmeni leading the way. The popular resort is currently being renovated and set to re-open in 2018, with the aim of becoming one of the Mediterranean’s top destinations.
Astir’s 600 million euro project carried out by Aktor, includes the makeover of Arion and Nafsika hotels, the development of 13 luxury residences, the creation of a new park and a significant upgrade of the marina.