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Greece gets 1 bid for former Athens airport site
Greece receives single binding bid for privatization of former Athens airport site
Associated Press
2014-02-28 03:22 AM

ATHENS, Greece (AP) -- Greece says it has received a single binding bid for the former Athens airport, a prime seaside property and key part of the recession-mired country's limping privatization drive.

The HRADF privatization agency said that processing Thursday's offer from Greece's Lamda Development will take about two weeks.

The company said its bid is supported by Abu Dhabi's Al Maabar and China's Fosun Group.

A Lamda Development statement said the total investment would be worth more than 7 billion euros ($9.56 billion) and would create tens of thousands of jobs.

It said its project included creating residential, recreation, sporting and cultural facilities at the 620-hectare (1530-acre) former airport, which would include 200 hectares (495 acres) of park.

Past governments had pledged to turn the site into a huge park, but did nothing.

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