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Hellinikon Project: Preparations for the Casino in the finishing line – Works to begin in early 2020

Νίκος Καραγιάννης

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Φωτορεαλιστική εικόνα της επένδυσης στο Ελληνικό

According to the Minister of Development and Investments, Mr. Adonis Georgiadis, the highest bidder for the Casino in Hellinikon will be announced in early December.

It will be the largest independent investment, within Hellinikon, budgeted at 1bn euros, and will be the most prominent and significant also from a construction and touristic perspective.

Mr. Georgiadis, speaking yesterday on SKAI TV, said that his initial wish was for the bidder to be announced in November. «Finally, this was not possible, there will be a slight delay, hopefully until early December. Within 2019 we want all of the pending issues from our side to be sorted so that the company can proceed with the project by the beginning of 2020. We are in the finishing line», he said.

The intention to keep the agreed-upon plan with the Gov’t and the works on the colossal project to start was recently expressed by Lamda Development CEO, Odysseus Athanasiou, who commented that: «We are following the developments and not listen to rumors but just official announcements».

As he said, «We are preparing to start the project as we have planned». According to announcements made in October, the first phase of the 5-year project will require about 2bn euros. In addition, growth and lending funds, around 400m euros, will be secured by the sales of residences and 150m from the issue of corporate bonds. The latter will also be used for refinancing loans.

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Master Plan for Athens International Airport, approved

Νίκος Καραγιάννης

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Διεθνής Αερολιμένας Αθηνών

The master plan for the long-awaited expansion of Athens International Airport «El. Venizelos» has been approved, according to infrormation of ypodomes.com. This is the first major step for the launch of a project that it is said to reach a budget of 700m euros. The expansion project of AIA will definitely be another major airport project, after those of the 14 regional airports of Fraport Greece and the new airport to be constructed in Kastelli, Crete by TERNA.

More specifically,  the approval has been granted for:

A. The modification of the spatial planning for the construction of a new aiport apron, a new general aviation track and a new building to host and support ground services;

B. The study of the construction of a new taxi rank, northwest of the commercial park.

The new terminal will include several new gates equipped with jetways, ramps, new VIP and lounge areas, shopping and dining areas, etc.

With the above projects an area of 100,000 sq.m. will be added to the facilities of the airport, part of which is the expansion of the satellite station. The goal is for Athens International Airport to be able to handle 30m passengers per year, with a long-term goal to achieve a capacity of 50m passengers per year, by 2040.

Athens Airport has recorded impressive passenger traffic over the past six years, with multiple records mainly due to international flights. For 2019, the annual traffic figures reached 25.5m passengers.

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Bombardier and Alstom believed to be in merger talks

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Εργοστάσιο Alstom

Exploratory discussions are believed to be underway regarding a proposed merger between Bombardier Transportation and Alstom according to a report by Bloomberg on January 21.

Shares in both companies rose on January 22 following the news. Alstom’s share price soared to a 52-week high of €46.42, while Bombardier’s share price reached a peak of $C 1.44 ($US 1.09) before dropping back to close at $C 1.28. However, this represents a small recovery for Bombardier which saw its share price plummet from $C1.79 on January 15 to a low of $C 1.12 on January 17 following its announcement of worse than expected financial performance on January 16.

Bombardier, which is headquartered in Montreal, has gone through a period of restructuring during the last few years, mainly due to problems with its aircraft business. This resulted in it divesting a large part of the aircraft business and selling a 30% stake in its Bombardier Transportation rail division to Caisse de Depot et Placement du Quebec (CDPQ) for $C 1.5bn. The deal was approved by the European Commission (EC) in February 2016.

In 2017, Bombardier started talks with Siemens regarding a possible merger with Siemens Mobility. However, Siemens broke off the talks in order to launch merger discussions with Alstom. Despite reaching agreement in 2018, the Siemens and Alstom merger was quashed by the EC on February 6 2019 on the grounds that the two companies had failed to address its concerns over the potential impact of the deal on competition in the signalling and high-speed rolling stock markets.

It is difficult to see how a merger between Bombardier Transportation, which is headquartered in Berlin, and Paris-based Alstom would succeed when both companies are in the high-speed rail and signalling markets, let alone the commuter train, metro train and light rail markets where they are strong players.

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Bombardier extends London Overground maintenance contract

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Συρμοί Μετρό Λονδίνου

Bombardier has agreed a 10-year extension of its contract with Transport for London (TfL) to maintain the fleet of 54 class 710 Aventra EMUs, which was due to expire in July 2025, to July 2035.

The extended contract is worth an additional £185m.

Maintenance will continue to take place at Bombardier’s Willesden Train Care Depot in North London. The fleet is in daily service on the Gospel Oak – Barking and Watford – London Euston routes.

The contract extension was agreed with TfL on December 18 and announced on January 17.

Source: railjournal.com

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