Minoan Group - Re: MIN Stream Log - To the State Council for...

To the State Council for review are for one week plans for a major tourism investment in Crete. This unit 'Itanos Gaia ", which will include five tourist villages in an area of ​​22,000 acres on Cape Iron Lasithi. The investment, which in the past "stuck" to the CoE, overcomes the legal and other obstacles of the past thanks to the new legislation of Environment and Tourism ministries that favor large tourist developments. The "Daily" today presented the key elements of the investment "Itanos Gaia", as derived from two sources: from the Strategic Environmental Impact Assessment (SEA) and the draft presidential decree approving the Special Plan of Spatial Development Strategy Investment (ESCHASE ) project. More specifically: The investment will take place in an area of ​​22.120 acres, which belongs to the Foundation Panagia Akrotiriani and has granted the company Loyalward Ltd. The scale consisted of seven lots that thanks to the new legislation are combined so that the building coefficients to calculate the total area and the regulation of land uses to be uniform.