Athens, March 19, 2025
The Project Preparation Facility (PPF) of Growthfund announces that METKA ATE was awarded the project for the structural and operational restoration of the steel structures (roofs) in the main Stadium and the Velodrome of the Athens Olympics Sports Center (OAKA) with an offer of 61.35 million euros excluding VAT, following a tender conducted by the PPF on behalf of OAKA. In the coming days, the contract for this project will be submitted to the Hellenic Court of Audit for a pre-contractual audit.
The project consists of the preparation of studies and the execution of works for: a) restoring the required level of structural integrity of the metal structures in the roofs of the two sports facilities, and b) the maintenance/repair/replacement of elements of the metal structures and the polycarbonate sheets of the roofs.
Restoration is expected to be completed within 14 months from the signing of the contract. The project is part of the National Recovery and Resilience Plan “Greece 2.0,” funded by the European Union – NextGenerationEU.
PPF has undertaken, on behalf of OAKA, the preparation and tendering of the project as part of its joint action with the Technical Chamber of Greece and the Ministry of Education, Religious Affairs and Sports for the overhaul of the most significant Olympic facility. The total budget for these interventions to modernise and upgrade OAKA amounts to 111 million euros.
The Alternate Minister of Education, Religious Affairs and Sports, Ioannis Vroutsis, stated following the award of the project to METKA: “From the first moment I assumed my duties, I stressed the importance of safety in Sports Facilities. The announcement regarding the award of the project for the restoration of the structural integrity of the steel structures at the main Stadium and the Velodrome of OAKA, marks a new era for our iconic Olympic Sports Complex, but also for the upgrade of our National Sports Facilities. The modernization and upgrading of our Olympic Center is implemented thanks to the coordinated plan of Growthfund, the contribution of the Technical Chamber of Greece as well as the management and the employees of OAKA. Primarily, of course, thanks to the political will of the Government and the Prime Minister, Kyriakos Mitsotakis, to fully support the overhaul of the county’s iconic Sports Facilities. I would like to thank everyone for their invaluable support.”
The Deputy CEO of Growthfund, Panagiotis Stampoulidis, mentioned the following about the significance of this project: “With the award of the contract to METKA, a company with extensive experience in the implementation of complex projects, the restoration of the steel structures of the main Stadium and the Velodrome of OAKA is on track. Growthfund’s Project Preparation Facility conducted on behalf of OAKA a demanding tender for the upgrade of the most iconic Olympic infrastructure in our country efficiently and transparently. Moreover, PPF has already signed contracts worth almost 7.5 million euros for important maintenance and repair work at OAKA, while more tenders for the overhaul of the sports facilities and the surrounding areas with a total budget of 16.4 million euros are ongoing. With the Ministry of Education, Religious Affairs and Sports and the Technical Chamber of Greece, we are working towards a common goal: to deliver OAKA safe and operational to the public, in order to regain its status as an international center of culture and sports.”
Apart from the restoration of the steel structures, the following tenders are underway for the upgrade of OAKA:
For further information please contact:
GROWTHFUND, Anthi Trokoudi, Chief Communications & Sustainability Officer, +30 6932 100053, A.Trokoudi@growthfund.gr
SOCIALDOO, Konstantina Iliopoulou, Director of Corporate Relations, +30 6974 894411, kiliopoulou@socialdoo.gr