ECONOMY

Two tourism projects to be fast-tracked

Deputy Development Minister Notis Mitarakis announced on Wednesday that two major tourism infrastructure projects, adding up to 1.2 billion euros, are about to gain the approval of the government’s strategic investment committee to enter the fast-track process and create at least 1,900 jobs upon their implementation.

The committee will convene in early October, but the question is whether these projects will be implemented or grind to a halt like the other 11 projects involved in the fast-track procedure due to lack of funds.

The first project announced concerns the creation of a holiday resort to be named Pravita Estate, which will cover 12.67 square kilometers in the Taxiarchis area of Halkidiki, central Macedonia. The resort will include four golf courses, three five-star hotels, luxury accommodation complexes, a conference center etc and will create 1,343 jobs, according to ministry estimates.

The other plan is for a resort development at Kilada, south of Epidavros in the eastern Peloponnese. Its name will be Kilada Hills and it will cover an area of 2 sq.km. Its budget is set at 418 million euros and it will lead to some 600 jobs when it starts operating after creating 2,000 jobs for its construction.