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Minoan steps closer to multi million pound resort
The Minoan Group is a step closer to its plans for a multi-million pound resort in Crete.
Minoan confirmed that the regional government of Crete has just voted in favour of its Strategic Environmental Assessment for the project, by 38 of the 44 members with 3 abstentions.
The Scottish-based travel firm plans to build up to five, five-star hotels, up to two golf courses and a mariner in 23 kilometres of land – only a small portion of the 26 million square metres of land owned by Minoan there.
Construction costs are estimated to be more than £220 million on the venture which has been planned for the last 18 years, with the value of the Minoan land being built on worth around £80m, reports the Scottish Herald.
The travel group said the vote was also strongly supported by 21 professional unions, including various hotel and commercial unions from the Lasithi prefecture, who welcomed the investment to the area.
It added that the decision was based on certain conditions, none of which are incompatible with the Group’s planned development of the Project.
Christopher Egleton, Minoan chairman, said: "Having seen the detail of the Regional Government’s decision, I remain delighted with the overwhelming support the Project has received. I now look forward with confidence to the Presidential Decree being issued."
Diane
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