Avax

Lamda Development announced on Tuesday the signing of the definitive agreement with the Brook Lane investment firm for the establishment of the Ellinikon Park Tower company, which will be the vehicle for the development of another tower at Elliniko.

It is a mixed-use property with an estimated investment above 500 million euros.

Projects worth 17.1 billion euros are expected to be implemented in the coming years by the four large domestic construction groups GEK Terna, Intrakat, Avax and Mytilineos.

Construction company AVAX Group gave a tour to press representatives on Thursday of the Katehaki metro tunnel, where work is being carried out for Line 4 of Athens metro.

The first 700 meters of tunnel has already been opened by the first of the two tunnel boring machines deployed. The final destination is Evangelismos station, in central Athens.

Six of the eight investment schemes that participated in the final phase of the tender for the new Attiki Odos concession contract submitted binding financial offers by Monday's deadline.

A consortium comprising Greek construction company Avax and Italian group Rizzani has been chosen by Lamda Development for the development of the Vouliagmenis Mall Complex, which will be the largest shopping center in Greece, Avax reported on Thursday.

This is also the largest individual project Lamda is planning for its major development at Elliniko, southern Athens.

Türkiye's local electric car Togg, which has made its digital platform Trumore available on the App Store, Google Play and App Gallery, offers 2023 NFTs specially prepared for the 100th anniversary of the republic with the auction it will launch through this application.

Engineers of the AVAX-led consortium building Athens' new 13-kilometer metro line stand next to a tunnel boring machine (TBM) cutter head at the Katehaki site. Following consultations with local engineers, German tunneling company Herrenknecht supplied two approximately 100-meter long and 1,500-ton TBMs with a diameter of 9.5 meters.

In order to fill the liquidity hole in "Bulgargaz", loans will also be sought from private banks. This was announced by the Caretaker Minister of Energy, Rosen Hristov. Today, the government decided to grant an 800 million BGN loan from the company's budget, and expects it to pay it back as quickly as possible by taking loans from other institutions.

At noon at the under construction (double) measuring station of IGB in Komotini and the pace of work in progress has hit "red", with cars belonging to the constructor, AVAX, constantly coming and going in the area, transporting workers and raw materials.

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.