Construction At Bulgaria's Karadere To Start In September
The construction of the Black Sea Eco Garden Resort at the Karadere area will start in September 2014, said Minister of Economy and Energy Dragomir Stoinev.
The construction will continue through September 2017, according to Stoinev who presented the project at the Monday meeting of Bulgaria's government.
The project, however, must obtain an ecological evaluation, before getting a construction permit.
The government decision from March 19 to green-light the controversial project and grant it a first class investor certificate sparked a new wave of anti-government and environmentalist protests throughout Bulgaria. The most recent took place in Sofia, Plovdiv and Varna on Sunday. Also on Sunday there was a rally in favour of the project in the town of Byala, near Karadere.
According to the public records of the March 19 government session all ministers were in favour.
Karadere is one of the last virgin beach along Bulgaria's Black Sea coast and is a favourite spot for camping and extreme water sports. It is part of the Natura 2000 network, in the protected area Kamchiyska Planina, for the conservation of bird species and protected area Shkorpilovtsi Beach for the conservation of the conservation of natural habitats, wild flora and fauna.
The investor in the controversial project Black Sea Eco Garden Resort is the shrouded in anonymity company Madara Europe, allegedly registered in an offshore area.
The holiday complex is to span over 247 decares, which will include three hotel buildings, 1200 separate residential units, service buildings, a marina and public service areas. The investors promise 500 new jobs.
The government's decision clashes with the stance of the ruling Bulgarian Socialist Party (BSP), which submitted to Parliament a draft memorandum on banning construction works on Black Sea coast areas in 2013.
- » Bulgaria's Property Prices Up by 12% in Six Months Alone
- » Bulgaria's Sofia Property Prices Up By EUR 100
- » Boom of Administrative Buildings Expected
- » Number of Russians Buying Property in Bulgaria Dwindles in 2 Years
- » Business Property Deals Amount to EUR 225 M for January-September 2016
- » Sofia's Average Price of Real Estate in Construction Higher Than Price of Old Buildings
So they have learnt nothing from the Spanish bubble , there are a few thousand empty apartments and houses on the black sea coast , all that will happen is they will create a ghost town . 500 jobs ???????????? in security to look after the place .Where is the money coming from is it private investment or loans from Bulgarian banks that will not be repaid or is the BG government building theses properties ?