The new terminal in Tola, Rivas, is now receiving private flights and it has been announced that on November 14 it will begin commercial operations with Sansa and La Costeña.
The airport built by Pellas Group is part of the tourist resort at Guacalito Island, also owned by the business group, which announced plans to extend the runway to give it a a length of 2100 meters in three or four years, which will require an investment about $10 million.
It has been announced that a new air terminal will start operations in November to attract more tourists flying from Managua and from Liberia, Costa Rica.
The airport, which is part of the luxury tourist resort Guacalito Island, is a project by the same company, owned by the Pellas family. Vanessa Vivian Pellas told Elnuevodiario.com.ni that the opening will be in November, "...
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. "
The Coastal Act passed four years ago encouraged tourism and real estate development in the Pacific.
Businessmen claim that the legal certainty provided by the legislation has resulted in more tourism and real estate projects in coastal areas, but there are still a lack of incentives for investment in projects in the Caribbean.
Adiak Barahona, CEO of Gran Pacifica Resort, told Laprensa.com.ni that "the Coastal Act eliminated uncertainty for landowners near the beach and encouraged the building of homes measuring more than 300 square meters."
With an investment of $48 million, three new hotels will be built in Nicaragua, adding 500 rooms.
Along with construction of the Whyndam Milagro del Mar, launched on Thursday, February 21, the 145-room Hyatt Place and a new 105 room Holiday Inn will also be built.
These investments are in addition to the Guacalito Island project, which was recently opened.
"In the eighties Ortega and his cronies harassed private capital and reaped a great economic downturn. Now they are being treated better and the country is running better."
An article by Humberto Belli Pereira in Laprensa.com.ni discusses the symbolism of the Guacalito Island project, in a country ruled by a leftist party whose members, at some point, postulated the most rancid anticapitalist concepts.
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.