“Green light” for the signing of contracts by the Municipality of Athens and the allocation of an estimated amount of 115 million euros from the resources of the Greek state for the construction of a football stadium. Panathinaic To Botanical Digicom lit up. it’s about her European Competition Commissionwhich checks whether the project award conditions offer any financial benefit to the consortium of construction companies that participate in the relevant tender, or are in line with market conditions and do not bring additional state aid to these companies, creating conditions for unfair competition.

As emphasized in the announcement by the Ministry of Development, a “Letter of Consolation” was received yesterday, which allows the Municipality of Athens to sign a contract so that the construction of the Panathinaikos Stadium in Botanikos can be started immediately. “Today, the last outstanding issue was resolved regarding the signing of a contract for the start of a double reconstruction project and the construction of the Panathinaikos Stadium in Votanikos. I wish all the inhabitants of Athens, and especially the fans of Panathinaikos, to enjoy the new stadium in the coming years, the construction of which we have finally managed to start.

I congratulate the services of the Ministry of Development and Investment, which dealt with the issue with the European Competition Commission, I thank the European Commission for the “Letter of Consolation”, and we are moving forward to give Athens a very big project that will change the image of the city,” he stressed on this about the responsible minister, Adonis Georgiadis.

This development paves the way for the immediate signing of contracts by all parties involved so that the main work can begin in the summer, that is, in late July and early August, as scheduled. So far, there have been no bureaucratic delays and the project is expected to be completed within three years for Panathinaikos to play in their new stadium with a capacity of around 40,000 at the start of the 2026-27 season or soon. after its launch, as happened with the new AEK Stadium in North Philadelphia.

Projects relating to the amateur sections of the club are expected to be completed a year earlier, in the summer of 2025. The Avenue Stadium will only be handed over to the Municipality of Athens once the operating license for the new stadium in Votanikos has been issued and made available for use by PAE Panathinaikos. At the same time, all necessary infrastructure projects for the modernization of the wider area will be “launched”.