Strategic investments accelerate with 4+2 projects with a budget of €950 million

Following the caller support of the caller Development Law by Parliament, Minister of Development Mr. Takis Theodorikakos is aiming to expedite procedures for strategical investments. He has convened a gathering of the competent Interministerial Committee contiguous to springiness the greenish airy to 4 important concern projects. These investments, totaling astir €780 million, pertain to industry, caller technologies, and tourism.

The pursuing day, Tuesday, a gathering of technocrats from the applicable ministries and agencies (i.e., the Coordinating Committee for Strategic Investments) volition instrumentality spot nether the General Secretary of Private Investments of the Ministry of Development, Stellina Siarapi. This gathering volition see 2 further concern projects totaling astir €170 million, focusing connected the agri-food and tourism sectors, respectively.

In total, implicit 2 days, six concern projects with a combined fund of astir €950 million, expected to make implicit 300 caller jobs, volition beryllium discussed for support oregon expedited inclusion successful the strategical concern framework. This inclusion aims to guarantee accelerated licensing and the corresponding enactment provided.

The Investments

Among the 4 concern projects expected to beryllium approved by the Interministerial Committee connected Strategic Investments, the standout is the TITAN Group’s concern successful the cement works successful Kamari, Boeotia. Specifically, the Group plans to conception a large-scale CO₂ seizure unit, which is portion of the broader iFESTOS project.

The project, with a fund of €583.79 million, falls nether the “Strategic Investments 1” class and aims to trim the c footprint of the cement manufacture by producing cement and offering innovative, greenish gathering materials. The Kamari works volition beryllium equipped with cutting-edge c seizure technologies. Depending connected the regulatory and licensing framework, the cognition of these technologies could pb to yearly greenhouse state emanation reductions exceeding 1.9 cardinal tons of CO₂, making Kamari 1 of the largest c seizure facilities successful Europe. The project’s backing comprises 24.6% equity, 39.3% slope loans, and a €210.53 cardinal assistance from the Innovation Fund (36.1%). The task includes establishing a Business Park for a Large Individual Unit and installing CO₂ seizure exertion astatine the plant.

The 2nd concern task up for support is by United Fiber, a subordinate of the United Group, aiming to make a fiber-optic broadband web (Fiber to the Home/Office) to screen astatine slightest 1.6 cardinal households by 2027. The concern has a fund of €93.4 cardinal and is expected to make 50 nonstop jobs. It is classified arsenic a “Strategic Investment 1” and is anticipated to facilitate the country’s modulation to the integer era. The project’s backing volition beryllium secured done a 60:40 ratio of equity to slope loans.

The 3rd concern task is by Intracom Telecom. The “HERMES” project, with a full fund of astir €42.9 million, focuses connected researching and processing innovative wireless transmission technologies and fixed wireless entree (FWA) to guarantee ultra-high speeds (>1Gbps) successful distant areas. The task falls nether the “Strategic Investments 2” class and is expected to make caller specialized jobs. Research volition chiefly beryllium conducted astatine the R&D facilities successful Paiania, with backing comprising 20% equity, 30% loans, and 50% authorities grants.

The 4th concern task involves a Local Government Organization, specifically the Municipality of Preveza. The Municipality plans a analyzable tourer improvement successful the “Poros – Diavati” area, constructing a 236-bed tourer accommodation, luxury residences, a wellness center, thalassotherapy facilities, and restaurants. Including infrastructure works, the Municipality has prepared a €60 cardinal concern budget. According to the applicable study, this nationalist strategical concern volition make 125 jobs, boosting the section system and high-quality tourism. ENTERPRISE GREECE is liable for the project’s maturation and promotion, with costs covered by the aboriginal concessionaire.

Pending Approval

Following the 4 concern projects to beryllium discussed by the interministerial committee tomorrow, 2 much projects are considered “mature” for preliminary support during the Coordinating Committee for Strategic Investments gathering adjacent Tuesday.

The archetypal concerns KRI KRI. The Serres-based dairy institution is implementing the “Greek Yogurt Dynamo” project, with a full fund of €52.2 million, to grow capableness and technologically upgrade its yogurt and crystal pick accumulation units. The task falls nether the “Strategic Investments 2” class successful the agri-food assemblage and includes installing innovative instrumentality and automated lines, upgrading cooling and electrical systems, and expanding the existing biogas portion to utilize accumulation discarded for vigor use.

The concern volition beryllium financed 62.9% done equity (€34 million) and 37.1% done slope loans (€20 million). The task includes a taxation exemption of €23.55 cardinal and fast-track licensing incentives, with the instauration of 20 caller jobs, contributing to the section economy.

The 2nd concern task is by MYRINA VILLAGE Single-Member S.A., a subsidiary of PHĀEA S.A., aiming to make a 5-star luxury edifice successful the “Skouros” country of Viannos Municipality, connected the confederate seashore of Heraklion, Crete. The concern volition scope €121.1 cardinal and volition see a edifice with 140 rooms, 30 tourer residences, dining, wellness, sports facilities, an integrated farm, and environmentally affable infrastructure, aiming for a exemplary sustainable high-quality resort.

The task falls nether the “Strategic Investment 1” class and volition beryllium financed with €16.4 cardinal successful equity and a €104.7 cardinal enslaved loan. Upon commencement of operations (2027), 83 caller yearly enactment units are expected, expanding to 153 by 2032. The task volition payment from assorted incentives, including fast-track licensing, spatial readying done E.S.CH.A.S.E., concession of shoreline and formation use, and operation of accompanying infrastructure projects.