BABIS VOVOS INTERNATIONAL TECHNICAL S.A.
PRESS RELEASE
The management of Babis Vovos International Construction S.A. announces the following:
Tomorrow, the competent parliamentary committee will complete the review of the legislation on 'Maritime Strategy For the Protection and Management of the Marine Environment - harmonization with the directive 2008/56/EC of the European Parliament and its Council of the 17th of June 2008' drawn up by the Ministry of the Environment, Energy, and Climate Change. This bill includes as an amendment the legislation for the Double Redevelopment Project of Votanikos - Alexandras Ave. Subsequently, the bill will be put directly to the vote.
Following the voting of the legislation, the process for the issuance of a presidential decree will be conducted in order to immunize the regulation for the double redevelopment against any future action, since the presidential decree will be processed and approved by the plenary session of the State Court.
We express our optimism that finally all the procedures will not suffer any further delay so that this highly important environmental and development project will be completed within 2012.
Tomorrow, the competent parliamentary committee will complete the review of the legislation on 'Maritime Strategy For the Protection and Management of the Marine Environment - harmonization with the directive 2008/56/EC of the European Parliament and its Council of the 17th of June 2008' drawn up by the Ministry of the Environment, Energy, and Climate Change. This bill includes as an amendment the legislation for the Double Redevelopment Project of Votanikos - Alexandras Ave. Subsequently, the bill will be put directly to the vote.
Following the voting of the legislation, the process for the issuance of a presidential decree will be conducted in order to immunize the regulation for the double redevelopment against any future action, since the presidential decree will be processed and approved by the plenary session of the State Court.
We express our optimism that finally all the procedures will not suffer any further delay so that this highly important environmental and development project will be completed within 2012.