Resilience Funds Drive Tourism Projects in Greece

Village Resort & Waterpark in Heraklion, Crete.

“Greece 2.0”, the country’s national recovery and resilience (RRF) plan, will be funding five major hotel investments budgeted at 106 million euros out of a total of 41 projects, Deputy Finance Minister Theodore Skylakakis recently announced.

Four more tourism-related projects valued at 586 million euros are also on the list. Skylakakis presented the approved investments in parliament this week.

These include the 42-million-euro renovation of the 5-star, 275-room Village Resort & Waterpark in Heraklion, Crete. The project will be allocated 15 million euros in RRF funds.

Patmos Aktis Hotel.

Next on the list is a 5-star, 261-room hotel on Kos valued at 40 million euros to receive 15 million euros in support; a 5-star, 97-room facility at Apokoronas (Crete) budgeted at 14.4 million euros and securing 7.2 million euros in funding; and the extension and upgrade of the Patmos Aktis valued at 8 million euros and receiving 3.2 million euros in support.

Lastly, a tourism project on Serifos, budgeted at 1.1 million euros, will receive 50 percent of the total investment cost from the Greece 2.0 plan.

Photo source: @Thodoros Skylakakis

Other projects securing support include two investments by AVIS and one by Autohellas Hertz for the upgrade of their fleet to electric and plug-in vehicles as well as an Attica Group project for the digitalization of its coastal shipping systems and services.