Greece to spend 180 mln euros on 101 islands

Greece to spend 180 mln euros on 101 islands

Greece has more than tripled its infrastructure investments budget to 180 million euros for 101 of the country's islands, according to Deputy Economy, Development and Tourism Minister Alexis Haritsis.

The spending hike comes amidst broader cuts to public investments as Greece scrambles to meet tough fiscal targets set by international creditors - eurozone countries and the International Monetary Fund - in a bid to keep rescue funds flowing to Athens.

Haritsis said the budget, related to spending on islands in the Aegean Sea, was hiked from 50 million euros and will pay for irrigation, sewage, culture, road and education projects, among others

"At least one project will be added to every island," he told journalists on Thursday.

Greek government officials said that this is highest level of funding pumped into some of the country's smallest islands, such as Kasos, Agathonisi and Ai Stratis.