THESSALONIKI – Greece’s Development Minister Takis Theodorikakos said he wants to break a logjam holding up the 4th generation Thess Intec Technology Park being financed by 33 million euros ($36.37 million) by the European Union.

The money is coming from the Recovery and Resilience Facility (RRF) and he said that its construction “will turn Thessaloniki into the capital of Greek innovation for all economic activity,” in the country’s second-largest city.

He visited the 75-hectare (185.32-acre) site and met with the President and Managing Director Nikos Efthimiadis with the aim of speeding construction and “immediately solve a number of practical issues in order to accelerate the project.”

The project has also been partially financed by 3 million euros ($3.31 million) from supporting industrialists, said the state-run Athens-Macedonia News Agency (ANA,) and “not a single euro has been spent from public funds,” said Efthimiadis.

The park is being designed to stimulate and host synergies amongst universities, R&D institutions, companies, the public sector, and local communities, promote innovation and competition and develop cutting-edge products and services.

Thess INTEC is being developed on a waterfront location with an area of 760,000 square meters with amenities including labs, computing computing facilities, incubator and educational and recreation facilities.