Perelik year-round tourist center project kicks off in fall

Dnevnik a.m, 2007-08-29

     The construction of Bulgarian sports and tourist centre Perelik will start in the autumn of 2007, the investor, Sports and Tourist Centre Perelik, said on August 28, 2007. Perelik Centre is to be fully completed till year 2012-2014. The Smolyan municipality, a partner in the project, will make a non-cash contribution to the joint venture company. Consultant on the project is Alpha Finance Holding.
     The Perelik project, which is estimated at 300 mln euro, envisages the construction of winter sports and summer tourism venues and infrastructure upgrade of the area round the Rhodope's Perelik peak, Smolyan region, southern Bulgaria. The investor's top priorities are preservation of the environment and of the same architecture styles.
     The future Perelik resort will include 200 km ski runs, 100 km cable car lines, covered parking lots, vacation, sports and entertainment facilities as well as a hotel and apartment complex.
     The project was granted first class investment certificate in May 2006, which entitles the investor to state aid for building the adjacent infrastructure. The investor expects to get a building permit promptly.

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