The Ministry of Infrastructure and Transport is opening space for the first construction sites of Line 4 of the Athens metro. The gears that will set in motion the largest construction project in the country, with a budget of 1.8 billion euros, have begun to move. The subway is starting to wake up to get to work, starting in 2022, in the center of the capital after more than fifteen years.
The first spaces in Veikou Avenue, Exarcheion Square, Kolonaki Square, Evangelismos, GNA and Katehaki have been assigned to the Attica Metro, with decisions of the Minister of Infrastructure and Transport, Mr. Costas Karamanlis, published in the Government Gazette. It is noted that Line 4 will transport approximately 340,000 passengers per day, while travel by car is expected to decrease by 53,000 per day.
The first step will be made with the start of the preliminary works by ERETVO for the preparation of the ground where the main project will take place. The contract for the preliminary works, for the first phase of Line 4, “Veikos-Goudi Grove”, with a budget 33.5 million euros (excluding VAT), includes the relocation of utility networks, the traffic studies and bypasses, demolition works, archeological works.
The construction sites will then pass into the hands of the contractor of the main project, whose contract is expected to be signed immediately after passing through Parliament. The temporary contractor of the big project is the AVAX-GHELLA-ALSTOM consortium, which as soon as it takes over will start the studies, while 6 months later the receipt of the first station spaces from the Attiko Metro will begin. Gradual station deliveries will follow in 8-10-12 months.
Which areas are now in the hands of Attiko Metro
The first of the three total waves of construction sites for the preliminary works includes 9 sites, starting from the two ends of the project, in Alsos Veikou and Katehaki, to prepare the wells from where the tunneling machines will enter to start the construction of the tunnel, as well as and at the stations Akadimia, Evangelismos, Exarchia, Kolonaki and the wells in Library, Evangelismos Branch and GNA.
Already, it has been decided to return to the Attica Metro the following spaces: area of 15,870 sq.m. on Veikos Avenue at the height of Veikos Grove, at the station “Exarchia” of 3,230 sq.m. on the square at the junction of Spyridonos Trikoupi and Stournari streets, at the “Kolonaki” station of 4,090 sq.m. located on the square at the junction of Patriarchou Ioakeim and Kanari streets, at the station “Evangelismos” of 2,860 sq.m. and 7,990 sq.m. on Vassileos Konstantinou Avenue at the junction on the one hand with Spyros Mercouri and on the other with Rizari, and in Katehaki with areas of 2,350 sq.m. inside the plant nursery of the Municipality of Athens and 5,500 sq.m. at the junction of Mesogeion Avenue with Kanellopoulou Avenue.
The second group of areas of the project also concerns 9 positions: the stations Courts, Alexandras, Alsos Veikou, Kypseli, Elikonos. The open pit tunnel and the EYDAP Formionos and Justice wells. The third group finally concerns 7 areas: the stations Galatsi, Kaisariani, Panepistimioupoli, Ilisia, Zografou, Goudi and the Near East well .
The occupation of the above areas will last until the completion of the works, while after their completion they will have to be returned to their owners in the condition they were in before the occupation. For this reason, Attiko Metro will record the current situation. The owners of the above areas will be compensated for the temporary occupation based on law 1955/1991.
Latest News
Greek PM Mitsotakis Says Fight Against Inflation Ongoing
The Premier made statement during a visit an an open vegetable market
Unpaid Taxes in Greece Reach 1.539bln Euros
As the figures revealed the number of debtors totaled 3,878,712 individuals and legal entities.
ELSTAT: Greek Primary Surplus Reaches 1.9% of GDP in 2023
Greek debt saw a slight dip to 356.7 billion euros by the end of 2023, down from 356.8 billion euros a year prior
Study: Greece in Top 5 Hotel Investments in Europe
As previously reported by OT, more than 60 hotel projects are set to be developed in Greece over the next four years
GEOAXIS Report: Office Rents Surge by 40% in Ten-Year Span
Geoaxis estimates that the different dynamics in the office market will continue into 2024/2025, predicting stability for older offices, increased demand for renovated spaces, and a slowdown in the rise of rents for modern, green offices
Greece: ‘Godparents’ Basket’ Debuts Today
As part of the program, Greek retailers are obliged to identify the lowest prices of certain categories of products traditionally purchased as Easter gifts by godparents for their godchildren between April 22 until May 4
Brain Waste in Greece: 22.74% of Migrants Overqualified for Jobs
Almost half of all college-educated migrants in Europe are overqualified for their jobs and twice as likely as natives to be unemployed, according to Lighthouse Reports
AB Vassilopoulos Supermarket Vies for 2nd Place in Greek Market
AB Vassilopoulos hopes its focus on its private label, addition of 2-3 company supermarkets and another 50 franchises will help it surpass LIDL
Greek Youth Struggle Amidst Low Wages and Soaring Expenses
Furthermore, 52.7% of respondents attribute Greece's current significant issues to governmental failure, while another 49.1% anticipate continued economic hardship in the nation's future
S&P Raises Greece Outlook to ‘Positive’; Rating Unchanged
The same international ratings agency in October 2023 raised the country’s creditworthiness to BBB- with a stable outlook