The Tourism Incentives Board has approved the granting of tax exemptions to build an airport in Guacalito de la Isla.
The airport will be built by the Corporación del Sur SA and will be located in the luxury resort of Guacalito del la Isla. The agreement approved by the Board of Tourism Incentives at the Nicaraguan Tourism Institute grants tax exemptions "... for the first stage of construction of the project, which will cost $12 million. "
Grupo Pellas has estimated that this will be the number of jobs generated once the project becomes operational.
The Guacalito Tourism Project, which is being developed by the Pellas Group on Nicaragua’s Pacific beaches will be inaugurated at the end of next year, company representatives announced.
The construction of the project is progressing steadily, and so far over a thousand people have been employed, but it is estimated that this figure will increase as work progresses and operations start.
Pellas Group begins construction of first phase of Guacalito Island project.
Located in the municipality of Tola, Rivas, in the Pacific coast of Nicaragua, it will stretch for some 650 hectares.
The first phase of $ 115 million includes construction of a boutique hotel with 35 rooms, the installation of basic infrastructure (power, ground water treatment, cable telephone and fiber optic), residence areas and golf course.