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IKTINOS TECHNICAL & TOURISTIC S.A.

Construction of "SITIA RESORT" hotel at Faneromeni Bay in the Municipality of Sitia, Lasithi, Crete

Project Description

PROJECT Construction of “SITIA RESORT” hotel resort at Faneromeni Bay in the Municipality of Sitia, Lasithi, Crete Island, Greece
OWNER IKTINOS Technical & Touristic S.A.
GEOTECHNICA INVESTIGATION CONTRACTOR GEOCONSULT Ltd.
DATES OF GEOTECHNICAL INVESTIGATION November 2008 – January 2009

The project is located in Faneromeni Bay, 4.5 km northwest of Sitia. The project area is located in the center of Faneromeni Bay, with a sea opening to the northeast. The terrain is generally steep, with slopes ranging between 1:1 to 1:5 (ver:hor). The area elevation ranges between 10-80 m above SWL. The coastline is generally rocky and steep.

The project will include an A’A’ hotel, conference hall, villas and a 100 person capacity spa, as well as a marina.

Drilling 25 exploratory sampling boreholes of a total length of approximately 303 m and 23 trial pits with the corresponding laboratory tests, preparation of a factual and interpretive report and foundation proposals.

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