MEXICO CITY, April 19 — Discovery Communications announced plans yesterday for a massive US$400 million (RM1.76 billion) eco-resort in Costa Rica.
The US media and entertainment group’s new facility, being developed with Sun Latin America in Guanacaste province, will have facilities including a farm, a beach and scuba diving, rock climbing and a volcano.
“We are close to getting together the US$400 million which will be a mix of investment and borrowing,” said Tom Turner, president of Sun Latin America, at a briefing in the capital San Jose.
Construction is expected to start in 2018 with opening planned for 2020.
Terms of the deal were not immediately announced. But the project should be a welcome job creator in one of the country’s poorer areas.
“This shows that we can commit to big investment and development plans that are completely in line with our vision of sustainable development,” said the Central American nation’s President Luis Guillermo Solis.
US-based Discovery owns the Discovery Channel and Animal Planet cable television channels.
Costa Rica already is a Latin American magnet for US tourists especially, who account for more than half the two million visitors arriving by air each year. — AFP-Relaxnews