Investment fund plan is complete


The new Infrastructure Investment Fund has completed a plan to aid investments of up to 1 billion euros, which is set to be submitted to the European Commission for approval.

Economy Minister Nikos Christodoulakis is to take the plan to Brussels next week, along with a request from Athens for a six- or 12-month extension to the grace period for the completion of the European Commission’s previous (2007-13) subsidy program.

The approval of the plan will allow for the disbursement of 400 million euros to the fund, which will go in support of investments in areas such as tourism, energy, the environment and business parks.