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27 November, 1997
The environment, town planning and public works ministry has secured funds of 4.3 trillion drachmas for all scheduled projects and actions up to the year 2000, according to Minister Costas Laliotis.
Mr. Laliotis was speaking yesterday at the economic conference organized in Athens by the Hellenic-American Chamber and the Federation of Greek Industries (SEB).
He said the projects and actions to be funded are of vital importance to the country's development, restructuring and economic modernization.
According to the minister, it is of equal importance that private capital be used in the construction of projects, through self-financing and co-funding, while adding that the positive climate which has been brought about by Greece's cooperation with the EU, international credit organizations and private initiatives will be maintained and boosted in the next few years.
Lastly, commenting on the 1998 state budget, the minister said it will be a budget of prudence and perspective, aimed mainly at meeting the required convergence criteria and securing Greece's participation in Economic Monetary Union in 2001.
Source: Athens News Agency
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