ECONOMY

Fast-tracked projects are proving slow

While as many as nine investment projects have entered the fast-track process over the last couple of years, only four are at an advanced stage, Kathimerini understands.

However, although the latter are described as “advanced,” that does not mean any groundbreaking work has actually taken place, but rather that they have spent large amounts of money on studies and have entered the licensing procedure. They are the tourism investment at Cavo Sidero on Crete, the development of photovoltaic stations totaling 126.82 megawatts by the Copelouzos group, the wind park system development in Crete, and the creation of 12 photovoltaic parks adding up to 166 MW by Spes Solaris – Solar Concept SA.

Most of the projects are yet to get off the ground due to lack of funds, which highlights the share of the blame of the authorities that approved the applications, as they appear to have relied on uncertain funding sources.