Tendering process for ex-US base on Crete draws closer

Crete is set to see its own Elliniko project as Greece's privatization agency TAIPED draws closer to initiating an international tender process for the development of two large real estate properties on the island.

The former US military base in Gournes, outside Iraklio, has been likened to a "mini Elliniko," referring to the plot of a disused airport in Athens that is earmarked for a luxury resort project.

TAIPED's plan will provide for the utilization of 35 of the almost 79 hectares covered by the former US base until it was closed down in 1993.

The coastal property is easily accessible, as it is located on the northern Crete highway, is 16 km from Iraklio port, 13 km from the new airport and 10 km from the popular resort of Hersonissos.

Investors will be able to build up to two luxury hotels and some 80 holiday homes but also other tourist, commercial and...