Capital.Gr:REJECTION OF APPEALS!29 Mar 2017 10:01
Yet another link for the non-believers :https://translate.google.co.uk/translate?hl=en&sl=el&u=http://www.capital.gr/finance/quote/%25CE%259C%25CE%2599%25CE%259D%25CE%259F%25CE%2591&prev=search
FOLLOWING THE REJECTION OF APPEALS!
The "Greek Environment and Cultural Heritage" and 140 Cretans brought before the May 2016 and asked the Council of State annulled as contrary to the European and Greek legislation that Presidential Decree. In their appeals argued that the disputed area which is to implement the tourist development is located in the protection zone of the international network Natura 2000 does not allow similar tourist facilities.
So, following the rejection of appeals and while it's been more than 25 years of waiting, delays and many bureaucratic obstacles (only in 2012 the investment was able to join the fast track procedure, whereas in 2013 it was given the possibility of establishing a Special Plan of Spatial Development Strategic Investment ) all show that they are ready for the construction of the plant, which according to calculations will be ready in 2019. Organization of the investment is the British company "Loyalward Ltd.", a subsidiary of Minoan group group.
The tourist investment, which is the largest in Crete, totaling 267.7 million. EUR capacity is 1,936 beds in an area of 22.120 acres. Apart from traditional accommodation and catering facilities for visitors, the company's plan includes specific tourist infrastructure to attract high quality tourism and annuality, golf (18 holes) and spa.
Vasiliki Kourlimpini
Vicky.kourlibini@capital.gr