The Bucan Construções e Imobiliária group and Cabo Verde Management have signed a contract to work with China National Complete Plant Import & Export Corporation for the construction of a hotel on the island of Santa Maria, the Cape Verdean press reported.
The hotel, which will be managed by the Spanish hotel chain Barceló Hotels & Resorts, will have 1,150 rooms and will be built in two phases, the first of which will begin in April 2017 and is expected to take 24 months and cost 122 million euros.
This new Bucan group hotel will be in the tourist area of Lacacão in the Integrated Tourist Development Zone (ZDTI) of Santa Monica, with the local press reporting that the partnership with the Chinese group should allow more Chinese tourists to visit Cab Verde.
Weekly newspaper A Semana noted that after signing a partnership agreement with the Bucan group in April 2009, the Integrated Tourism Development Corporation of Boa Vista and Maio (SDTIBM) provided a plot of 700 hectares, for the infrastructure of a project called Lacacão Urbanisation.
The project involves an estimated investment of 600 million euros and is expected to spend 40 million on basic infrastructure, and investments in production and distribution of energy and water, collection and treatment of waste water and road construction in Boa Vista.
The newspaper noted the China National Complete Plant Import & Export Corporation was the second Chinese entity to enter Cabo Verde, after Macau businessman David Show signed a contract for the construction of the largest tourist resort in Cabo Verde, in the islet of Santa Maria, opposite the capital city, Praia. (macauhub)