New "G. Karaiskakis": Regulation for expansion voted

A significant step for the reconstruction and expansion of "Georgios Karaiskakis" has been taken, as the legislative regulation defining the new urban planning and regulatory framework of the stadium was passed by Parliament.

The relevant provision is included in the bill of the Ministry of Environment and Energy, which was submitted at the end of October. With the completion of the parliamentary procedure, the way is open for the next stages of the project to proceed.

Target: 52,000 seats

The plan foresees an increase in capacity from approximately 33,500 to 52,000 seats, through the reconfiguration and expansion of the stands. At the same time, the construction of a new lightweight roof is planned.

The regulation defines the maximum heights for the new stands, the building on the west side, and the roof, as well as the permitted building conditions. At least 65% of the available spaces will serve purely athletic uses.

The remaining percentage can be utilized for accompanying and commercial activities, such as catering areas, offices, a museum, sports shops, rehabilitation areas, and entertainment facilities.

At least 1,800 parking spaces

Special provision is made for serving spectators and the operation of the wider area. The parking spaces of the new stadium must have a total of at least 1,800 spaces.

At the same time, the functional connection of the current facilities with neighboring plots is allowed, provided that the foreseen urban planning and ownership conditions are met.

Next steps

The voting of the regulation does not mean that construction work can begin immediately. A traffic management study must first be prepared and the Environmental Terms Approval Decision must be updated.

For environmental licensing, a joint decision of the Ministers of Environment and Energy and Culture will be required. Building permits for the upgrade and expansion will be issued by the Building Department of the Municipality of Piraeus.

The financing of the required works will be covered entirely by PAE Olympiacos. With the voting of the provision, the necessary legal basis is now created for the plan for the new "G. Karaiskakis" to proceed to the next licensing and construction stages.