# Aenaoon Metropolitan Park contract signed > Live situation record from CLSTR: https://clstr.news/situations/aenaoon-metropolitan-park-construction-project > Updated: 2026-09-02T07:52:00.000Z. Sources: 27. Developments: 3. The Aenaoon Metropolitan Park project at Faliro Bay reached a major milestone with the official signing of the construction contract on September 2, 2026. This development, part of the second phase of the Faliro Bay redevelopment, is supported by 370 million euros in European Commission funding. The contract, valued at 241.554 million euros plus VAT, was secured by a consortium consisting of Terna, Metka, Iliochora, and Elemka. Prime Minister Kyriakos Mitsotakis noted that the agreement resolves a “decades-old issue,” describing the park as a design based on “New Bauhaus principles of sustainability, aesthetics, and inclusion.” Spanning approximately 540 to 650 acres (741 to 1,000 stremmata), the project aims to transform the coastal front into a “green lung” for the Attica Basin. The plan includes 250 acres of new greenery, with approximately 75% of the area covered in Mediterranean natural vegetation, including 4,000 trees and up to 210,000 plants and shrubs. Planned facilities include a 90-acre urban linear park, a multifunctional children’s sports center, swimming pools, and courts for basketball, squash, beach volleyball, and fencing. The site will also feature an open-air amphitheater, exhibition spaces, a summer cinema, and dining facilities. Construction is expected to begin in January 2027, with completion targeted for the second half of 2029. ## Claims - The Terna – Metka – Iliochora – Elemka consortium is the contractor for the AENAON project. (corroborated by 3 sources) - The signing of the contract for the Aenon Metropolitan Park marks the end of a decades-long delay. (corroborated by 3 sources) - European funds totaling 370 million euros have been secured for the project. (corroborated by 3 sources) - The project aims to preserve the character of the wetland area. (corroborated by 3 sources) - The Aenon Metropolitan Park will be located at Faliro Bay. (corroborated by 3 sources) - The project will create 250 acres of new green space, including 4,000 trees and 210,000 plants. (corroborated by 2 sources) - Sports facilities will include six 5x5 courts, four squash courts, two basketball courts, two beach volley courts, and a fencing area. (corroborated by 2 sources) - The existing beach volley area will be converted into an open-air amphitheater for events. (corroborated by 2 sources) - The contract for the AENAON Metropolitan Park is scheduled to be signed on September 2, 2026. (single source) - Construction works are expected to begin in January 2027, with completion targeted for the second half of 2029. (single source) ## Timeline ### 2026-09-02: Aenon Metropolitan Park contract signed for Faliro Bay redevelopment Prime Minister Kyriakos Mitsotakis signed the contract for the 370 million euro Aenon Metropolitan Park at Faliro Bay, a major urban greening project set for completion in 2029. 14 sources. https://clstr.news/cluster/aenon-metropolitan-park-contract-signed-for-attica-coastline ### 2026-08-30: Faliro Bay AENAON Metropolitan Park project moves toward implementation The AENAON Metropolitan Park project in Faliro Bay is proceeding, with a 241.55 million euro contract set for signing in September 2026. Construction is expected to begin in January 2027. 9 sources. https://clstr.news/cluster/faliro-bay-aenaon-metropolitan-park-project-moves-toward-implementation ### 2026-08-19: Aenaoon Metropolitan Park receives final approval for construction The Court of Audit has approved the construction contract for the ‘Aenaoon’ Metropolitan Park in Faliro Bay, a major Mediterranean green space project funded by 370 million euros from the EU. 7 sources. https://clstr.news/cluster/aenaoon-metropolitan-park-receives-final-approval-for-faliro-bay-development --- Cite as: Aenaoon Metropolitan Park contract signed. CLSTR, https://clstr.news/situations/aenaoon-metropolitan-park-construction-project