Brussels (Brussels Morning Newspaper) – The EU approved €93 million to regenerate Faliron Bay, transforming it into an inclusive, vibrant waterfront park.
€93 million has been approved by the European Commission from the Cohesion Fund (CF) to back the regeneration of a 540-hectare waterfront park along Faliron Bay, Athens. The investment will convert the city’s waterfront into a green, inclusive, and vibrant space, in line with the New European Bauhaus principles, and has the potential to boost tourism, increase revenue for local businesses, and promote regional economic growth. The project is anticipated to be completed by the end of 2028.
How will the park enhance accessibility for all users?
According to the EU Commission, the Park will be available to the public free of charge, with money being utilised to make the waterfront more visually appealing and attractive and to transform the space into a hub for activities. Swimming pools, themed gardens, event spaces, and a sports camp will be built, with installations utilised for the 2004 Olympics repurposed and exhibited along the Bay. The area will be used for several educational and cultural movements.
The Park and its activities will be fully available to people with disabilities, and through the modernisation of streets, tram networks, and footpaths, will be linked to neighbouring areas. Funds will also finance the waterfront’s flood protection capability. More than 2,900 trees will be cultivated, while renewable energy sources will be incorporated into the Park’s energy mix. EU backing will overall enhance the quality of life for residents in Athens.
In her remarks, Commissioner for Cohesion and Reforms Elisa Ferreira said:
“The Faliron Bay Park will be a new highlight and tourist attraction for the city of Athens. The green space will connect people of all ages, and residents will have access to sporting, educational, and creative activities. The project inspired by the New European Bauhaus initiative will set a perfect example of how urban investments can be designed in a sustainable, aesthetic, and inclusive way.”
