SUPER BOROVETS PROJECT (Part 4 of 4)        (Update of Part 1, Part 2 & Part 3)


The first sod of the Super Borovets project is turned
Sofia Echo, 09th Oct 2007.


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The first sod for the new mountain resort 'Super Borovets' has been officially turned.

The first sod for the new mountain resort 'Super Borovets', an impressive tourism project, was officially cut today in the region of Pashenitsa near Samokov.

'Super Borovets' is one of the most strategic projects in Bulgaria. The concept for this resort depends on the principles of steady growth and excellent financial return of medium- and long-term investments.

The completion of 'Super Borovets' is to be achieved in two stages, spanning the period from 2007 to 2012. The total built-up area of residential properties and hotels is 623,500sq.m., including 4- and 5-star hotel complexes. 40km of new ski runs will be built. The area of 'Super Borovets' encompasses mainly four regions: Borovets (1,100m above sea level), Banderata (1,460m), Gvardeiska Polyana (1,620m) and Byalata Polyana (1,310m). The project has all the necessary permits for the start of the first phase.

The Super Borovets project is declared to be of national significance, as it is expected to be part of the emergence of Bulgaria in the European tourism market. This is a key step in overcoming the previously-perceived image of the country as a destination mostly for Black Sea tourism.

The mayor of the near-by town of Samokov said that after the construction of the Rila highway the traveling from the central area of Sofia to the Borovets resort will take between 35 and 40 minutes. The construction of Rila Highway should be completed by two and a half years and the total investment is estimated at about 260 million euro. The experts who will work out the project are already chosen by the Ministry of the Regional Development and Public Works, announced from Glavbolgarstroy. There is a big interest in the highway’s concession, explained from the company investor.

Read more details about the effect of the Super Borovets project on Samokov, the nearest large town.

A ceremony related to the turning of the first sod of the Super Borovets Project was held on 8th October in the area of Pashenitsa, near the town of Samokov. The ceremony was attended by Sergey Stanishev, Ahmed Dogan, Georgi Krumov, Varit Mubarak Said Al Harousi, Professor Stoyan Denchev, by MPs and representatives of ministries and the community of the town of Samokov. The Super Borovets project aims at turning the existing Borovets ski resort into a modern ski region with world-class ski runs and a leading market position in Eastern Europe, with potential for becoming a year-round resort destination.

The project consists of the building and development of modern five-star hotels in the Rila Mountain and of the related infrastructure, of 40 km of new ski runs, ski-lifts and maintenance systems, as well as of various sports and amusement facilities. 'Super Borovets' is designed in accordance with the trends in European tourism demand, and will conform fully to the most recent European ecological requirements. This is why its realisation will increase the competitive power of Bulgaria’s supply of winter tourist services and winter holiday properties in the region of Central and Eastern Europe.

Partners in Rila-Samokov 2004 AD, the company which is developing the Super Borovets Project, are Borovets Investment EAD (with a share of 67%, which includes Equest Balkans Ltd and the State Fund of the Sultanate of Oman), the Municipality of Samokov (with 25%) and Glavbolgarstroy (with 8%).

MORE NEWS ON THIS SUBJECT: Part 1 of 4, Part 2 of 4, Part 3 of 4

Details about price madness in Bansko, golf developments in Bulgaria, and new apartments in Bansko and Borovets can be seen at the Bulgaria Properties Ltd web site www.BulgariaProperties.net. You can e-mail questions to advice@BulgariaProperties.net, or, if you have no Internet connection, call the company (in UK) at 0871 226 2296 to order a free 30-page hand-out, or just for a chat, if you prefer. They always have time for you.

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