Three major “strategic investments” worth a total of 205.8 million euros,
Three major “strategic investments” worth a total of 205.8 million euros, two industrial and one in the tourism sector, received a “green light” on Monday by top Cabinet members serving on an inter-ministerial committee chaired by the relevant development minister, Takis Theodorikakos.
The first private sector project approved, at the state level, is an upgrade and modernization of the Olympus concrete production unit at the Milaki site in northern Evia Island, billed at 99 million euro, by the AGET Heracles-Holcim.
The modernization aims to cut C02 emissions below the EU-mandated levels, boost energy consumption and increase production.
The second industrial project that was approved is a new flooring, insulation and waterproofing materials production unit and warehouse at the Magoula business park, west of Athens proper, by Neotex S.A. The project is budgeted at 21.4 million euros. The Greece-based company fields a presence in some 70 countries around the world.
The third project is an 85.4-million-euro investment on the eponymous island of Ithaca, in the Ionian Sea.
The project includes a five-star hotel with 60 rooms, 50 villas, a spa and food-and-beverage spaces, as well as the creation of a port facilities able to serve seaplanes. The latter investment is billed as creating 71
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