Construction work on Panathinaikos FC’s new stadium in the Athens neighbourhood of Votanikos is getting underway.

Development and Investments Minister Adonis Georgiadis received permission from the European Commission’s Directorate-General Competition giving the Municipality of Athens permission to sign a contract to begin building the new Panathinaikos Stadium. He said:

The last pending issue for the signing of a contract to begin the twin redevelopment and construction of the Panathinaikos Stadium in Votanikos was resolved. 

I wish all Athenians and especially the fans of Panathinaikos enjoyment of the new stadium that we are finally able to start building.

Construction crews are beginning preliminary works this week to prepare the site where the Greek club’s new football stadium is to be built.

The crews will start by clearing the plot where the new football field will be located. 

Once the municipal authority's contract with the TERNA-AKTOR-Mytilineos joint venture is signed at the end of May, construction of the new stadium can then begin in earnest.

The new Panathinaikos Stadium will be a multi-use sports complex that will host all sections of the Panathinaikos sports club.

The complex will include the 39,000-capacity football stadium, a 3,100-capacity volleyball, handball and basketball stadium, a swimming pool, gymnastics facilities and more.

Building work is expected to take three years to complete and Panathinaikos will become the owner of the whole Votanikos Sport Complex for 100 years.

The team currently plays at the Apostolos Nikolaidis Stadium.