Sun, Jul 05 2009
The coastal city of Bourgas will refrain from issuing construction permits until the end of summer season 2007.
Bourgas mayor Yoan Kostadinov already issued an order that will be effective from June 4 to September 10.
The ban will affect the beach area and the central parts of Bourgas, investor.bg reported.
Emergency construction works and underground infrastructure projects will be carried out. Projects that already received construction permit will also be unaffected by the ban.
Municipal administration and police will monitor the manner in which the ban is implemented, Bourgas officials said.
The coastal city of Varna previously announced the introduction of a construction ban that will affect work in the resorts located within the Varna municipality. The ban will be effective starting May 1.
The project will be financed by the Bulgarian Bank for Development, and the Joint European Support for Sustainable Investment in City Areas, or Jessica Programme, although the report has so far failed to reveal the total cost of the vast enterprise.
The strategic plan envisages the conservation of the nature "for decades ahead", and it was formulated by a municipal team headed by professor Ivan Nikiforov, backed by Prime Minister Sergei Stanishev.
Once the overhaul and reconstruction of the Sofia–Vidin line is complete, it will cut travel time to three hours, as the train will be able to reach speeds of up to 160 km/h, shortening the journey to three hours.
Marriott however has made it clear that is not interested in investing in construction, but rather to occupy and manage existing buildings. Its strategy is to obtain management contracts.
Investors realise that it’s not viable to have a building remaining empty over the course of a year – so it's better for them to employ more flexibility to offset that loss.