StockMarketWire.com - Minoan Group is delighted its project has been included in the draft new regional plan for Crete.

The plan is now open for final public consultation and once this is completed the regional plan will be issued.

The role of regional plans is to set out the designated land uses and development opportunities for all regions in Greece.

The draft new regional plan lists, among the priorities of the periphery of Crete, the need to provide high quality tourism through the creation of special tourism infrastructure in an organised manner. Minoan chairman Christopher Egleton said: "I am delighted with the inclusion of the Project in the draft new regional plan. Although not essential for the Presidential Decree to be issued, the project's inclusion substantiates the Council's decision.

"Publication of the draft new regional plan has the effect of adding security to the planning regime for the local area by denoting zones for tourism, hotels etc, allowing the group to cement its plans for the future of the project."




At 3:57pm: [LON:MIN] Minoan Group PLC share price was 0p at 12.5p



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