BUSINESS

Skorpios and fiber-optics projects get fast-tracked

TAGS: Business, Economy

Two investment projects adding up to 181.4 million euros entered the fast-track licensing system by decision of the competent interministerial committee headed by Economy and Development Minister Dimitris Papadimitriou on Thursday.

The first project concerns the construction of a luxury tourism accommodation unit, with the character of a VIP exclusive club, on the island of Skorpios, budgeted by Mykinai SA at 120 million euros.

The second involves the construction of a next generation access (NGA) fiber-optics network for fixed telephony, by Vodafone, worth 61.4 million euros.

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