Monday, July 2nd, 2007
Tsarevo, Pomorie and Ahtopol coastal towns consider yacht marina projects
Coastal municipalities Tsarevo, Pomorie and Ahtopol will team up with private or otherwise investors for the construction of yacht ports in each of the three Black Sea resort towns, Bulgarian transport minister Petar Mutafchiev said last week.
Recent legislative changes transferred to the local authorities title over the port facilities ensuring an additional revenue source and an incentive for the development of sailing tourism.
Another two coastal ports, Sozopol and Nesebar, remain on the list of facilities that will be operated under a concession arrangement.
The respective municipal councils will now have to vote to redefine the status of the ports as public municipal property and then move to review their development plans.
The international yacht marina planned for Pomorie should be completed within 3 years, said architect Ivan Avramov from the municipality. The Pomorie local government will contribute 8-10% of the necessary funding. Avramov said the municipalities has already had talks with local and foreign investors on the creation of a joint venture to implement the project.
Tsarevo will be developed as a yachting, sea cruise and commercial fishing destination, said city mayor Petko Arnaudov. An Italian company and an outfit registered in Monaco are reportedly interested in the Tsarevo port.
The cost of upgrading the Tsarevo and Ahtopol ports to welcome contemporary yachts is seen at 20-30 mln levs.
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