ANA-MPA / Greek Reporter — The Government Council for Economic Policy approved the first 42 programs of the ‘Investment Plan for Europe’ initiated by European Commission President Jean-Claude Juncker.
These plans amount to 5.4 bn euros in total, and include major private and public investments in the fields of energy, transport, infrastructure, information technology, research and development and tourism.
There are 20 energy projects totaling an investment of 1.9 billion euros: three by Terna, the ADMIE power transmission operator’s undersea link between Crete and the Peloponnese, the Public Gas Corporation of Greece network, the natgas terminal in Alexandroupolis, 190 wind turbine projects by 120 separate investors and various large Greek and investments in solar and hydroelectric power, as well as a geothermic energy project for a hydroponic greenhouse.
Five projects, worth a total of 1.4 billion euros, concern transport infrastructure, among them are seaplane ports to link the islands including Crete, to mainland Greece, new intercity bus terminals for Athens, a road-rail link for Lavrio port, the undersea tunnel to the island of Salamina and a Ymittos Avenue circular linked by a tunnel to Vouliagmenis Avenue.
There are also three projects to improve tourism infrastructure worth 112 million euros; a tourist investment to build a luxury hotel complex under the name of “ELOUNDA HILLS” in Aghios Nikolaos, Elounda, Crete. The project envisages the development of luxury holiday villas, a five-star hotel, a marina, shops, utility infrastructures, spa, restaurants, sport facilities and entertainment parks.
The investments will also include five IT and communications projects worth 920 million euros; four research, development and innovation projects budgeted at 594 million euros to be executed by universities and research institutes in collaboration ministries; and five projects worth 349 million euros for investments in private industry proposed by Terna, ELVAL, Steelmet, Macedonian Paper Company and Nova Hellas.
