Russians invest in Cyprus Theme park

Russians invest in Cyprus Theme park

A critical meeting is scheduled for Monday 26th September 2011 to discuss plans to build a theme park close to the Larnaca Cyprus village of Oroklini (Vroklini) which is also close to Pyla village currently under the control of the United Nations, on the south eastern coast of Cyprus.
The local media are reporting that the meeting will take place between the Cypriot Interior Minister, Neoclis Sylikiotis, and a joint delegation of representatives from the organisation set up by land owners and the Russian investors.
The meeting it is hoped will address two issues.
The first is the exchange of Cypriot Government owned land amounting to some 300 donums (around 40 hectares) for land held by landowners elsewhere. The second is the change of use of the land and the need for new infrastructure, which if this goes ahead will present the need for new roads and facilities, but there is no doubt if it goes ahead the area will be much in demand and sought after.
It is expected property values will rocket and holiday lettings will be much in demand.
Estimated at a cost of €800 million, this project will occupy an area of nearly 1,000 donums (approximately 330 hectares) and will include a waterpark, a luxury hotel and many restaurants.