The Interministerial Committee for Strategic Investment has granted Fast Track status to a major, 267-million euros resort project on the island of Crete. The project - as Invest in Greece website reports - put forward by the Minoan Group, is budgeted at 267-million euros and is one of the largest resort projects in Europe. To be constructed on a 2,500-hectare (6,000 acre) parcel of real estate in the area known as Cavo Sidero, the resort will include 2,000 beds, a golf course, multiple hotels, and a wide variety of leisure, entertainment, cultural, and sports facilities.