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Borosport to invest 70 mln levs in Borovets ski runs
Borosport to invest 70 mln levs in Borovets ski runs << Back to list of articles
Borosport AD, the company managing the skiing facilities in Bulgarian mountain resort Borovets under a concession arrangement, said it will invest 70 mln levs over the next 3 years in new ski runs, skiing equipment and installations for artificial snow.
The size of the investment has qualified the company for a First Class Investor certificate issued by the InvestBulgaria Agency.
The combined length of the Borovets ski runs will be extended to 120 km over the investment period. The company will attempt to make the best of the skiing locations with altitude between 1,600 and 2,500 m where snow shortage, which has plagued many an international winter resort, is less of a problem.
Borosport will replace some of the existing ski lifts and will install a number of new ones. The new ski lift locations include the Markudjik 1 and 2 ski runs.
The concessionaire will develop the resort as a year-around tourist destination, said Borosport managing board chairperson Nedyalka Sandalska.
Borovets is the scene for a slew of major investment projects. The biggest development is the Super Borovets project that will add a significant number of hotel beds to the resort capacity.
The list of investors include British fund Equest, local businessman Hristo Kovachki and holding company Chimimport.(Dnevnik)