$45 million for Two Tourism Projects in El Salvador
Two tourism projects, one on the beach and another on the mountains, are being built in Chalatenango and Usulután.
Wednesday, March 18, 2009
The projects have a total investment of $45 million and are being developed by entrepreneur Jose Ramon Barahona from El Salvador along with US investors. They consist of a golf and fishing club in Usulután and a mountain tourism project in Chalatenango which would begin to operate in late 2010 or early 2011.
An ambitious beach resort, calculated to be approximately 692 acres, is being developed in the east of the country.
Balboa Bank & Trust, will support the Micos Beach & Golf Resort tourism project providing a loan for $2.5 million.
Nyesa Valores Corporación has announced the signing of a $330 million agreement with a North American investment fund to finance the construction project.
Grupo Pellas has estimated that this will be the number of jobs generated once the project becomes operational.
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