Thu, Feb 09 2012

`RAPACIOUS' INVESTORS GRAB BULGARIA'S DAMS

Wed, Aug 15 2007 11:39 CET

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Almost all the dams in Bulgaria became target for rapacious investors over the past years.

In most cases, the banks of dam lakes are being built up without zoning plans, Pari daily reported.

Not a single construction project in the vicinity of Bulgarian dams has a water purification system. Bulgarian legislation bans construction near dams.

Kamchia and Yasna Polyana are among the dams affected by over-construction.

These are the main water suppliers for a large area of the Black Sea region.

Dospat dam has proven to be exceptionally attractive to investors.

Plots in the area have been purchased and turned into holiday villages.

According to predictions, the number of beds in the region will soon reach 5000.

The situation is similar in Tsigov Chark.

Most of region is farmland, which is being divided into plots and offered for sale at prices between 20 and 25 euro per sq m.

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