Glavbolgarstroy will become the company responsible for the construction of Super Borovets project. The company will acquire the shares of Contract 99 in Rila Samokov 2004. The two companies have signed a preliminary agreement already, 24 Chassa daily newspapers reported.
Prior to the deal, the top shareholder in Rila-Samokov 2004, the company specially incorporated for the implementation of the Super Borovets project, was Glavbolgarstroy with 75%. The Samokov municipality, where the Borovets ski resort is located, owned 25% with the residual 8% held by Energokomplekt.
The project needs to raise at least 350 mln euros in investment over the next 3 years. The Super Borovets project envisages the construction of 100 km of ski runs and will add 25,000 beds to the resort's accommodation capacity. The new skiing facilities will have a combined daily capacity of 30,000-35,000 skiers.
The value of the deal has not been presented yet. According to unofficial information it varies between 25 and 30 million leva.
Glavbolgarstroy is the biggest construction company in Bulgaria, having almost 40 years of experience as a main contractor of public, residential, industrial, infrastructure and eco- projects. The company operates on the territory of Bulgaria, the Russian Federation, Ukraine, Byelorussia, Kazakhstan, Uzbekistan, Germany, Africa, Middle Asia and the Near East. The company is active also in the filed of investment projects, including large-scale projects of national importance.
Super Borovets features among the biggest tourism projects in Bulgaria. It also comes as one of the largest investment plans.
According to the project the winter resort of Borovets will be expanded and separated in three levels. The lowest part will feature family-type hotels that can accommodate up to 5000 people. The second level will be located where the current Borovets resort is found. It will be slightly more expensive and will have the capacity to accommodate 10 000 people.
Super Borovets is the third level. The level will turn into a five-star resort for the wealthiest tourists.

...tapped to expand local ski resort Borovets with an initial investment of 15 mln euro.
The Equest cash will finance the construction of ski lift linking the town of Samokov with the Borovets resort. The design of the facility is ready and talks are in progress with 3 foreign contractors.
February 22 is the date on which the Samokov municipal council is expected to approve a deal in which Vesela Kyuleva transfers her stake in the Super Borovets project to Glavbolgarstroy.
Super Borovets is a large project that would overwhelm an investor going it alone, noted Krumov.
A plan for the development of the resort has been drafted. It maps out a pace of infrastructure expansion matched to the bed capacity. According to the Balkantourist plan, the bed capacity of the resort, currently at 6,500, should not exceed 15,000.
Super Borovets envisages the phased construction of hotels and holiday villages with over 17,000 beds including sites at low altitudes.

• The Semiramida Garden Development in Borovets is in the heart of the "Super Borovets" Project which is now moving forward due to large investments.
• "SuperBorovets" features among the biggest tourism projects in Bulgaria. It also comes as one of the largest investment plans. The Super Borovets project envisages the construction of 100 km of ski runs, the number of beds in hotels and apartment complexes is expected to double.
• The resort of Borovets will be expanded and separated into three levels, according to three different standards in service and amenities.
o Level one will feature family-type hotels that can accommodate up to 5000 people.
o Level two will be slightly more expensive and will have the capacity to accommodate 10,000 people.
o Level three is the "Super Borovets" and will be a five-star resort for the wealthiest tourists.
• The concept behind the "Super Borovets" is to expand the current resort and turn it into an "all year round" holiday destination. Visitors will be expected in summer season as well which will increase the potential of the resort and the rental returns of those apartments rented out.
• The project will offer diverse attractions to tourists including natural, historical and cultural interest. The area will have a good transportation infrastructure, and special attention will be paid to enthusiasts including those interested in hill walking and sports (including horse riding trails and a new golf course at the foothills of the Rila Mountains with spectacular views).

If you want to own a property in the five-star resort "SuperBorovets", please visit our exclusive first-class apartment complex “Semiramida Garden”.

Source: www.bgp.bg