The Mayor of Alhama de Murcia, Alfonso Fernando Cerón, and the President of Proyectos Emblemáticos Murcianos S.A. (PREMURSA), Jesús Samper, today signed a new urban agreement relating to the inclusion of the projected Paramount Park Murcia within the Plan Especial Urbanístico which will regulate the development of the park and Lifestyle Center in Alhama de Murcia.
This document substitutes the former agreement which was originally signed in December 2011, due to the fact that the plots of land purchased for the development of the park are not the plots which were originally included in the documentation: the plot belonging to Sierra de Alhama proved problematical due to the insolvency of the vendor and the complications encountered when trying to lift charges placed on the territories.
Two alternative plots have been purchased instead, bringing the total size of the plots purchased to 1.554.000 m².
140,000 square metres of this space are destined for recreational use, 66,000 for commercial use, 24,000 for cultural use, 63,000 for public green areas and 300,000 for hotel and tourism services.
The document signed today redefines the boundaries of the properties now destined for construction of the park, and is an essential element of the bureaucratic processes being undertaken by Premursa and the council of Alhama de Murcia.
The council are continuing to process all the reports required to be able to grant the full license for the project, which include environmental impact reports, acoustic studies, archaeological and cultural soundings, technical documentation relating to water usage, traffic studies , and landscape impact studies, amongst others.
The Dirección General de Medio Natural have the responsibility to process the above mentioned reports and it is hoped that the conclusions will all be back in the Town hall of Alhama de Murcia for November, in which case the council can grant the definitive license in December. The Mayor of Alhama expressed his hope that Alhama council will be able to approve the provisional license by the end of September providing all the reports prove favourable. He emphasised the complexity of the processes being undertaken, and the quantity of documentation which has to be submitted to various regional departments, national ministries, as well as at a local level to all those whose properties border the proposed development and will in some way be affected by the construction of the park.
The search for financing continues.
Following the official signing, journalists were interested to know how the hunt for investment was progressing.
Sr Samper stressed that the Paramount Park is still a project in the early stages of development.
Just last week the design team had concluded the final technical designs, with over 2000 different sets of plans for the construction of the park, the next step being to build a scale model tying all the elements into a visual whole. He insisted that external investment was not required for the initial phases of development and that the project could continue to develop for some time yet before financing would be required to take the project to the next level.
The biggest problem facing the team was, he said, lack of confidence in Spain and in the Spanish economy, which was, "paralysed."
Uncertainty in the international markets, the constant see-sawing of the spanish stock markets, up and down, and the convulsions of the financial sector made attracting investment into Spanish projects an uphill struggle, lack of confidence in the Spanish economy rendering it difficult to guarantee investments.
His intermediaries were continuing with meetings between potential investors, but although there was positive interest, no investment had been confirmed to date. When pressed about a potential interest from an Argentinian Investor and North American interest, Sr Samper said the rumours were neither lies nor fact, and that although meetings via intermediaries were taking place with potential investors, that this was not being handled directly by his own team, and that there can be a lapse of several months between initial contacts, preliminary requests for information, studies to be submitted and follow up conversations to be held before any conclusions can be realistically achieved.
Both the Mayor of Alhama and Sr Samper reaffirmed their commitment to the project and it`s ongoing development, confident that investment would be found and the project continue on its course.
For full background information about the whole Paramount Project and all articles written since it began, Click Paramount Park Murcia.
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