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EUR 45 mln to Fund Resort Development in Bulgaria
04.08.2010
About EUR 45 mln will be allocated for development of a resort complex on the Bulgarian Black Sea coast next year. Moscow city authorities has budgeted RUB 1.777 bln (EUR 45.34 mln) in 2011 to develop the sanatorium-resort complex Kamchia, RIA Novosti indicated.
In addition, these funds will be used to provide a year-round children's and family entertainment program. Situated 30 km south of Varna, Kamchia is a reserve named after the Kamchia River.
This year, the city authorities will allot RUB 1.0 bln (USD 33 mln) to develop the ‘Kamchia' complex, 100 pct owned by the city of Moscow.
