Disney subsidiary
p. 46 · Read in the full issue
announces US$300 million investment in New Caledonia
DISNEY’S subsidiary, Buena Vista, will invest some 300 million US dollars in a entertainment and hotel resort in New Caledonia, the largest invest ment ever made on the French Territory by a foreign investor, daily newspaper Les Nouvelles Caledoniennes reported.
The project is to be located in Pai’ta (Southern province, 25 kilometres South of Noumea) on a 160-hectare site, on two join ing bays, with a 255-metre high “Turtle Peak” in the background.
It is promoted locally by a Sea Park International company.
It will feature a 250-boat marina facility, 250 bungalows on the sea, 90 hous es, a 250-room hotel, a casino, a 18-hole golf course, two swimming pools, a fitness center and a wharf capable of hosting big cruise liners.
The houses are to be marketed on a
“time-share” basis, allowing holiday-mak ers to spend time in resorts around the world.
Building permits were granted last July by authorities in New Caledonia.
Building works are to begin by the second half of next year and should take three years before completion. (PINa Nius Online) I