40 Million Spent and More Than 59 Million Euro to be Spent on a Major Upgrade of Puerto Del Carmen's Tourists Accommodation and Amenities

Puerto del Carmen, Spain, March 17, 2011 --(PR.com)-- Puerto del Carmen has been a tourist destination for more than 40 years and still remains the Island's main resort. For many years it has also been a favourite with Lanzarote Property Buyers looking for a holiday apartment or villa in the sun. Over the past three years the government has spent more than 40 million Euro on modernizing the infrastructure and will continue to spend money on the upgrade of streets such as Calle Anzuelo and the main avenue between the casino and Avenida Italia, according to Local mayor Jose Juan Cruz.

Mr Cruz also reiterated that such expenditure was necessary in helping to change the image of Puerto del Carmen in a positive manner, ensuring that it will compete with other tourist destination for many years to come.

Apart from the present infrastructural work being done a major project, spearheaded by the local town hall and the Canarian government will ensure that a further 59 million Euro will be spent by both the public and private sector on a number of ambitious projects.

Both Paulino Rivero, head of the Canarian government, and Jose Juan Cruz, mayor of Tias, held a meeting in the Old Town of Puerto del Carmen to outline the project as follows-

Three spacious tree lined avenues will lead down to an a widened beach promenade giving preference to pedestrians. All parking lanes will be eliminated and tourist infrastructure will be enhanced by removing obsolete accommodation. The loss of parking will be more than compensated by the replacement of parking in such buildings as Rocas Blancas and La Perla.

Rocas Blancas will offer 330 parking spaces along with new modern commercial space.

La Perla Hotel, closed for many years, will also be converted into a modern leisure centre with 600 new parking spaces.

The iconic Fariones Hotel, built in 1966, will be upgraded to a 5 star establishment following a total refurbishment of the building. Other hotels such as Sol Lanzarote and Panorama will also be refurbished and upgraded to a 4 star category.

These ambitious and important projects that will change the face of Puerto del Carmen and has only been made possible by new Legislation passed by the Canarian government called “Urgent Measure Law”. The legislation has been been passed with the sole purpose of raising the standard and competitiveness of all seven Canary Islands. The Puerto del Carmen Project is the pilot scheme and will be repeated through the other major resorts and the seven Islands.

The combined expenditure, of more than 100 million, will have tremendous and positive effects on both tourism and the local Puerto del Carmen property market according to John Killeen from LanzaroteInvestments.com.

"The nucleus of Puerto del Carmen has been looking tired for some time now, especially streets such as Calle Anzuelo and parts of the main avenue towards Avenida Italia. The improvement of Puerto del Carmen will help guarantee the future of the resort as one of the most popular resorts in Europe.

"Furthermore, the improvements will inevitably have a positive impact on local Puerto del Carmen Property Prices and the Lanzarote property market in general.

"Finally, the actual expenditure from the private sector may well exceed expectations as the the tax incentives on offer from the Canarian government, for such capital expenditure, are tremendously attractive to both private investors and developers alike," stated Mr Killeen from LanzaroteInvestments.com.

Lanzarote Investments
John Killeen
+34 928 516 238