After 11 years of trying, British investment group, Minoan Group (former LoyalWard) late last month received the official approval of its environmental study for the Cavo Sidero complex, opening the way for the first infrastructure projects to start, scheduled for this May
, while this fall the construction of buildings will begin.
The project, on the Sidero peninsula in Northeast Crete, involves the creation of six tourism villages of holiday houses, three, four and five star hotels, and two golf courses, supplementary sports and cultural facilities. .The total construction will reach 255,000 square meters, 65 percent related to houses, and will provide 7,000 beds.
Cavo Sidero is expected to start operating in 2009, but works will continue until 2017, when it will be completed.
Other resorts with golf courses are being planned by private investors/ groups at:
Sitia East Crete
Cavo Plako, East Crete
Aghia Galini, South of Rethymnon.
The Greek tourism ministry is encouraging these types of investments all over Greece and hoping to attract more high income tourists and open the way for Greece as a winter tourism destination.
It looks like these long talked about projects are about to become a reality here in Crete.
More here : http://www.ekathimerini.com/4dcgi/news/ ... 03/03/2007