The announcements made by the Minister for the Environment, Energy and Climate Change, Tina Birbili, following the meeting she held with all the concerned parties, established a clear picture regarding the continuation of the Joint Regeneration project in its entirety. The Minister announced that she will submit a legislative amendment for the Joint Regeneration project to be voted in Parliament, and then legally covered by means of a presidential decree to be issued swiftly.
As far as the shopping mall is concerned, it will be developed with a building coefficient of 1.2. This will improve the initial building plan, and help to create more free surfaces, atriums etc, thus rendering the shopping mall more friendly towards its visitors and the environment.
Given that the completion of the shopping mall within a specific time frame is now a certainty, the management of BVIC will further restructure its bank debt, and this new development also creates confidence that additional financing lines will be established for new projects, some of which are already being developed.