#52026AS118613Authorization for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law authorizes state aid for the renovation and maintenance of the Main Olympic Stadium at the Olympic Athletic Centre of Athens. The aid is part of Greece's Recovery and Resilience Facility, which aims to support the reconstruction of important sporting infrastructures. The measure will provide a direct grant of approximately €76.7 million to ensure the stadium's upgrade and continued operation as a multifunctional recreational facility.
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Key Changes
- Authorization of state aid for the renovation project
- Direct grant of 76.7 million EUR
- Inclusion in the Recovery and Resilience Facility
Obligations
What this law requires
Greece must ensure the direct grant of €76,687,973 is allocated exclusively to the renovation and maintenance of the Main Olympic Stadium at the Olympic Athletic Centre of Athens
The OAKA Operator must maintain and operate the Main Olympic Stadium as a multifunctional recreational facility following completion of the renovation project
Greece must comply with Article 107 and 108 of the Treaty on the Functioning of the European Union regarding the authorization and use of this state aid
The aid measure must be implemented in accordance with the Recovery and Resilience Facility framework and the approved project amendments (Decision 97623 EX 2025 and Decision 98377 EX 2025)
Greece must maintain documentation and records demonstrating the aid grant of €76,687,973 was disbursed with 100% intensity for the specified project (OPS Code TA 5226161; Action ID 16932)