Construction begins on Onyx Tourist’s integrated Resort development in Sani, Halkidiki

More specifically, the company announced the commencement of disbursements under a revolving credit facility agreement entered into with CrediaBank, with a total financing amount of €7,800,000.

The financing takes the form of working capital provided through bridge financing and is intended to cover expenses included in the approved investment plan under Greece’s Recovery and Resilience Facility (RRF). These expenses are necessary for obtaining the approval required to classify the investment as a Strategic Investment through the Special Spatial Development Plan for Strategic Investments (ESCHASE) procedure, as well as for securing the project’s spatial planning approval.

Resolute Hellas Appointed as Technical Consultant

Furthermore, in connection with the Common Bond Loan, ONYX TOURISTIKI and CrediaBank signed a private agreement with RESOLUTE HELLAS SINGLE-MEMBER S.A. for the provision of technical consultancy services.

The company has been appointed to undertake the technical certification and assessment of construction progress, as well as the procurement of the necessary equipment.

More specifically, it will certify each individual stage of the works to ensure that project progress and completion remain in line with the provisions of the loan agreements and the applicable regulatory framework governing the Recovery and Resilience Facility.

Initial Construction Works Begin in Sani

The investment project, entitled “Agritourism Village with an Integrated Tourist Resort in Sani, Halkidiki”, has now entered the construction implementation phase.

According to the company’s announcement, the commencement of works was confirmed following the completion of the first certification by the technical consultant, covering the project’s construction progress. In this context, payments were made to suppliers across various specialist fields to enable the commencement of their respective contracted works.

The activation of the financing facility and the launch of construction activities mark, according to ONYX TOURISTIKI, the transition of the investment into a substantive implementation phase.

The company stated that it will keep the investment community informed in a timely manner regarding the project’s progress and the next stages of its implementation.