Cavo Sidero will be built in two phases with the first hotels due for completion in 2009/2010.

Phase One of the construction programme comprises the Grandes Bay and Conference Hotels, the golf complex and approximately 480 villas, townhouses and apartments.

Phase Two comprises the White Sands Hotel, Porto Sidero and Crystal Cove, along with additional villas, townhouses and apartments.

In November 2006, Mr Giorgos Souflias the Greek Minister of Environment, Planning and Public Works announced his Ministry’s approval of the Environmental Impact Study (EIS). On receipt of the formal documentation the development can commence.

It is anticipated that the Licences will be forthcoming as both the local authority and Greek community have expressed their support for the scheme which will create in excess of 2000 direct year-round jobs and give Crete first class leisure and conference facilities. At the same time, marketing off-plan will begin. Based on current projections, building work will start in 2008.