International company to invest 90 mln euro in golf course near Kavarna
The construction of a new golf course near the village of Bozhurets, in the coastal Kavarna region, will kick off in mid-March, said Rumen Beremski, chairman of Thracian Rocks Golf&Spa, the international company that will deploy the 90 mln euro investment. The 18-hole golf course will have an area of 140 ha, the biggest on Bulgaria's Northern Black Sea coast. The developer intends to repair the infrastructure in the area of the golf course, building 17 km of new roads, a 150-room five-star hotel and villas with a combined 3,000-bed capacity. All building will have no more than three storeys. The course will be designed by South African golfing legend Gary Player. The building contractor for the golf project will be chosen on competitive basis. Player has also designed the golf complex built by the Black Sea Rama company near Balchik. Krasimir Gergov, co-owner of Black Sea Rama and chairman of the Bulgarian Golf Association, said the project has absorbed 100 mln euro in investment. He said the resource was raised through the off-plan marketing of the 350 detached houses that will be part of the complex. The construction of another golf resort near Black Sea Rama started in late 2005. The 56 mln euro Lighthouse Golf Resorts is developed jointly by Balkanstroy and Barage&Co. The complex will have an 18-hole golf course, training and horse-back riding facilities, a spa center, luxury houses and a hotel.
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Sent on 26 May 2006