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PRESIDENT OF COSTA RICA AFFIRMS TOTAL GOVERNMENTAL SUPPORT FOR MARINA PEZ VELA

Reprinted from
Megayachtnews.com online
Jul 24, 2007
 
July 24, 2007 – Quepos, Costa Rica - The President of Costa Rica, Dr. Oscar Arias, paid tribute to developers Harold Lovelady and John Kane during his dedication of the marina site today.  His remarks acknowledged the difficulty in obtaining regulatory approvals to build a project of the scope of Marina Pez Vela and the perseverance of the developers to bring the project to completion.  Once open in 2008, Marina Pez Vela will be the largest marina in the country.  Several hundred people including Members of Congress, the Cabinet, the municipal leaders of Quepos and the press attended, showing their commitment to the development of the region and Marina Pez Vela.

President Dr. Oscar Arias speaking at the dedication ceremony said, "I am very happy to place the first stone here today.  I look forward to placing the last one as well.  The people of Quepos and their local municipal representatives should be very proud of their decision to grant Marina Pez Vela this concession.  I commend your valor in staying persistent with your quest for this project."

Carlos Ricardo Benavides J., Minister of Tourism, lent his support to the proceedings as well saying, "The government of Costa RIca is appreciative of the investment initiative shown by the American and Costa Rican investors in this project.  It is much too difficult for investors to bring projects like this one to Costa Rica, and we must work to make this type of investment in our country easier to accomplish.  The building of this grand marina will be supported by myself and the government in every way possible."

The Mayor of Quepos, Oscar Monge also pledged his support for the project and commended Mr. Lovelady and Mr. Kane on their commitment to the community and the people of Quepos. "This project means many jobs for the citizens of Quepos.  We are committed to working with Marina Pez Vela to develop training programs for the employees of the marina, and to working with them for the marina's continued support of the needs of the community."

"The 300 slip project will create an exciting destination for the sportsfishing industry and will increase tourism to Quepos, Costa Rica" said Harold Lovelady, founder of the project.  "We look forward to completing the marina and establishing the first 'full service' boatyard and repair facility in Central America."

Earlier in the day, President Arias inaugurated the bridge "Quebrada Suya" donated by Marina Pez Vela to the city of Quepos in a ribbon cutting ceremony that was attended by a large number of government officials and the public.  The bridge is the primary access to Quepos and the Manual Antonio tourism area where over 250,000 tourists visit annually.

About Marina Pez Vela

Marina Pez Vela will be the only full service marina in all of Central America. The facility intends to provide world class marina services in a marina basin the size of 25 football fields. The full service maintenance facility will be the only one of its kind for thousands of miles.

The marina will include:

• 300 slips for boats up to 225'
• 2 travel-lifts    (200 ton & 75 ton)
• Retail & commercial space
• Restaurants
• Condo / hotel residences
• Dry stack boat storage
• Concierge Services
• High speed fuel pumps
• Full service boat yard and maintenance facility
• Marina Pez Vela is expected to open mid to late 2008.
  www.marinapezvela.com

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