26.03.2008

Shabla’s municipal council has granted land for the development of three golf courses, dobrichmedia.com reported. Construction has not started yet, as authorities are presently working out project details.

Chairman of the municipal council Zdravko Yordanov told journalists that the draft plan for the golf complex, which is to be located between the village of Tyulenovo and the Shabla lighthouse, is the one that is at the most advanced stage. It will be realised by Golf Shabla Jsc, which was set up in May 2007 with a share capital of 101 837 shares at a par value of 100 leva a piece as a joint venture between the city hall and Prouchvane i Dobiv na Neft i Gaz Jsc (PDNG, or Oil and Natural Gas Probing and Extraction). The latter owns 65 per cent in the joint enterprise. Shabla municipality’s contribution is in the form of land.

The complex will spread over a 140ha plot, 100ha of which are municipal property, the rest being provided by PDNG. According to authorities’ estimates, design and planning of the golf course will take two years and construction another four.