Sun, Nov 22 2009

SPANISH COMPANY INVESTS ONE BILLION EURO IN REAL ESTATE AND ENERGY PROJECTS IN BULGARIA

Wed, Apr 18 2007 11:19 CET 330 Views

Spanish company Ferry Group will invest nearly one billion euro in one real estate and one energy project.

The company focused its investment plans on tourism, real estate and agriculture as the key economy sectors in Bulgaria, head of Ferry Group Manuel Ferry Sanchez said.

The value of each project can reach up to 500 million euro, investor.bg reported.

The real estate project initially included the construction of only a golf course near Sofia region village of Kutina. Planned investment later increased to between 400 to 500 million euro.

Besides the golf course the company plans to develop an entire satellite village, offering apartments, villas and one-family houses. The village will feature a big five-star hotel and sports facilities and will cover an area of nearly 400 000 sq m.

Ferry Group's Green Energy project envisions the cultivation of tree species for obtaining biomass and processing refuse plant products for the production of eco-fuel.

The company will search for suitable terrains for the project near the towns of Vidin, Montana and Lom.

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