Destinations news Ai Stratis Earthquake-hit Village to be Restored by GTP editing team 20 February 2018 written by GTP editing team 20 February 2018 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 12 Agios Efstratios. Photo Source: Municipality of Agios Efstratios A village on the North Aegean island of Agios Efstratios (known as Ai Stratis) is set, according to a presidential decree, to be restored 50 years after a fatal earthquake struck in 1968 destroying more than 2,000 buildings. The decree designates the Palio Horio as a preserved settlement and foresees the reconstruction and restoration of 18,200m2 of public and private buildings, communal areas and underground networks budgeted at over 3 million euros, 2.5 million euros of which are from EU sources. “We will redevelop a neglected area giving momentum for growth on a remote border island… This is a new beginning, 50 years later,” said North Aegean Region Governor Christiana Kalogirou. At the same time, the Agios Efstratios Municipality has developed a program to promote the once-deserted village, offer incentives for permanent residency and attract investments. Reconstruction will focus on preserving the initial architecture of the island village while installing the latest infrastructure. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Crete to Present Alternative Tourism Forms at ‘f.re.e 2018’ Travel Fair in Munich next post Foreign Real Estate Agents Eyeing Greek Market You may also like Test post 6 June 2025 Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ