06.07.2007 60 MILLION EURO TO BE INVESTED IN GOLF COURSE CONSTRUCTION NEAR BULGARIA'S BANYA
Investment will reach 60 million euro for the period of several years.
The company to be created will have 34 per cent municipality ownership and 66 per cent shareholding of the private investor.
Municipality ownership has been already evaluated at 12.6 million leva and the investor has to join the company with 25 million leva.
As part of the project, Banya's sports base will be renovated, and a golf course with a hotel complex will be constructed.
Banya Golf and Spa Resort is Bulgarian company. The municipality's requirements towards the investor include guaranteeing the development of sports for youth in the region.
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