BUSINESS

Work on highway projects to restart in April, Hatzidakis says

Up to 7 billion euros will be earmarked for investments in Greece, Development Minister Costis Hatzidakis said Thursday as he confirmed that construction work is set to recommence on four highway projects.

Speaking to Skai radio, Hatzidakis said that works on four highway projects across the country, which had ground to a halt because of funding shortfalls, are set to restart in April. This will also mark the rebooting of Greece's anemic economy, he said.

Deputy Development Minister Athanasios Skordas said that the projects will create 30,000 new jobs. He said the government has already completed negotiations for the funding of the projects.

The government has been assisting the contractors by negotiating with banks for funding for the stalled projects, although the loan will be between the contractors and lenders.

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