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NAME OF PROJECT: Urbanization Brisas del Mar in the best second weather in the world, 2013

AMOUNT TO BE LOANED: US$ 250 million American Dollars.

PURPOSE: To Construct 10,000 family housing units for low-to-medium income people, in stages of 1,000 house each. Contracts with local Municipals demand will be celebrated between the parties, namely: the projects promoters, the constructing firm (s), and the owner (s) of land under a fiduciary trust.

INTEREST: US$38 Million Dollars, fixed, simple and direct interest to be paid in a monthly basis during 20 years, including in the US$120,00 payment of each and all bonds, corresponding to the issue of 2,400,000 bonds to back up the international financing to be paid by 10,000 beneficiaries of each family housing units.

TERM: 20 years with a 2-years grace period.

GUARANTEE: Minimum 260 hectares of land dully appraised by the corresponding Municipal Cadaster and re-collaterized by an international institution. The Fiduciary Trust, named Fiduciaria de Administracin de Bienes
Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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Etanolsa, Guayaquil, Ecuador, with an autonomous capital that will account with a pool of 10,000 mortgage deeds of US$250 Million American Dollars, and in addition a portfolio of 2,400,000 bonds with a face value of US$120,00 American Dollars, totaling US$288 Million American Dollars to be paid monthly by each and all beneficiaries of the 10,000 housing units during a 20-years term.

ENTREPRENEURS: Group of Constructing firms and landlords covering minimum 260 hectares of lands where the urbanization construction project is going to be develop with 10,000 family housing units for limited financial resources people, in stages of 1,000 units, are going to be undertake it by leading Construction firms in Ecuador.

PROJECT ORIGIN: Ecuadorian is suffering a 2.6 million deficit of houses which an increasing growth of 50,000 houses a year. The main projects purpose is focus to cover only the increasing growth per year, applying friendly policies and the use of new international sources of capital with appropriate long-term credit scenario to let the lowincome people to adjust a reasonable and comfortable monthly payment and to obtain the government construction bond of US$6,000 per each of the 10,000 housing units, totaling US$60,000,000. All Government bonds are cash-backed. DESCRIPTION OF PROJECT: Several leading constructing company in Ecuador, duly approved by the Ministry of Housing of Ecuador, are undertaking the challenger to construct low-income peoples houses, including important construction companies based with a long-experience in the construction business, like major works in Guayaquil such commercial malls,Guayas Bay shore, shopping centers, supermarket buildings, churches, multi-family houses,individual houses, etc.; and the accumulation of sound equity on paid-in capital, constructionmachinery and labor force, and good relations with political and banking circle in Ecuador. The project consists in developing 10,000 family housing units into a rapid and historic transformation of human social roots in Ecuador, whereby predominantly rural culture is being rapidly replaced by predominantly urban culture owing to loss or degradation of farmland and pastureland due to development, pollution, land grabs, or conflict, the attraction and anonymity of hedonistic pleasures of urban areas, proximity and ease of mass transport, as well as the opportunity to assert individualism. This urbanization project is going to complete the change from rural to urban style in terms of industry structure, employment, living environment and social security; and the efforts to reduce time and expense in commuting, transportation and improve opportunities for jobs, education, and transportation. Living in this urbanization Brisas del Mar will permit the advantages of the
Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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opportunities of proximity, diversity, and marketplace competition. Where money, services and wealth are going to be centralized, and their inhabitant will have the chance to look for new jobs and exchange capital specially in trade or tourism. The urbanization Brisas del Mar with its unique geographic and strategic position is an ideal place for elderly individuals where there are doctors and hospitals that can cater for their health needs. In addition, varied and high quality educational opportunities are another factor in this urbanization project, as well as the opportunity to join, develop, and seek out social communities FINANCING PLAN: the total cost of construction per house, including land and infrastructure works is US$25,000 American Dollars, totaling US$250 Million American Dollars for the sales of 10,000 houses. The opportunity cost on raw materials, such as steel, iron and cement are guaranteed by future purchasing contracts with the localcement plant and steel mill under excellent price policy to be covered by sureness of the bigsales amounts required in the project, in such way, these providers will act as covered partnership in this construction project. In addition, the low-cost labor force and different lands provided by the local landlords, and the huge deficit of houses, assures to undertake this project into a success. The landlords will transfer the property dominion into a fiduciary contract which also will receive the corresponding transferring funds for the purchasing of their lands. Other significant factor that influences strongly in the success in this project is the current Governments enthusiasm in the solution of low-income people deficit houses, by compromisinga subsidiary payment called a construction bond of US$6,000 Dollars to finish to construct a house, for low-income-people, that means a pre-payment of 50 months at a rate of US$120,00 per each month for each final beneficiary of 10,000 houses. Totaling US$60 Million Dollars for 10,000 families of low-income in the Republic of Ecuador. Financing Scenario: Total Sale Cost per each housing unit: US$25,000 Dollars Term: 20 years, with 2 of grace period Monthly Payment: US$120,00, including the proportion of the direct-fixed interest Down Payment: US$150,00 American Dollars OTHERS PROJECTS OBJECTIVES.Besides, the current projects objective is focused in contributing to develop a real housing market in Ecuador, to help to overcome the economic standstill that Ecuador is facing at this moment. Housing construction is one of sectors that generate more direct and indirect JOBS in a short term. We see the housing construction as a real estate industry, using fresh funds resources on long term and with financing tools that eliminate some taxes or encumbrances. Housing construction improve the family welfare and generate massive labor and employment in the less possible time frame. The housing construction represents for the Ecuadorian economy , in the current project, as the best distributed investment, because it goes and reach the biggest number of families helping to improve peoples purchasing capacity, constituting a long term saving, replacing the classic monthly rent cannon which at the end it does not produce any result; in our project the Ecuadorian family is paying its own house and in this manner the money or funds used are distributed in a vast number of providers from all over the economic sectors. The majority of the material and products employed in the construction field are domestically made and It is important to keep in mind that $0.35 cents of a dollar invested in the construction, it goes to informal labor of our economy.
Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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This project will benefit around 50,000 people that belong to the middle cast and below, this means an average of 5 people per house. They normally could not undertake this project individually, because they have not available the necessary tools or financial instruments or banking resources to execute this important project. Thus the urgency to link all the factors to undertake the construction of houses, such as the subsidy or construction bond granted by the Ecuadorian government. The BIES-Banco del Seguro Social or Banco Ecuatoriano de la Vivienda, both Government Banks are potential discounter of the pool of mortgages/Mini-bonds portfolio for the 10,000 houses to be constructed, of course, at convenient and mutual discount between the parties. A.- LANDLORDS AND CONSTRUCTORS.The landlords owners of the most appropriate and characteristics lands for developing this project, under the best construction costs and basic infrastructure parameters. This incorporation avoid that the landlord sells his land at a lower price, instead they are able to sell it at the best opportunity price being part of this project which will sell constructed houses with all basic infrastructure. The repayments for the lands will be administrated by a qualified trustee that is familiarized and counts also with a good infrastructure to manage as well the funds placed by an international financing firm as the funds generated from the sales of constructed houses. The constructing firms will provide with houses designing drawing and the municipalities permits and authorizations, including their construction systems. Besides, the constructing firms will conduct the ground topography, soil studies, the feasibility studies on construction costs; including housing finishing, sewer, drainage, electric and telephonic network, and water pipeline installations. The constructing firms will also provide for the trusts autonomous capital with a descriptive report and technical specifications, complete work budget, including retaining of taxes. The constructor also will elaborate the evaluation schedule of works and the disbursement chart of investment. The constructor will work jointly with the local municipality, Banco de la Vivienda del Ecuador, Ministerio de la Vivienda, and BIES (Social Security Bank for Housing construction) in the houses sales as promoters to assure the construction feasibility and projects commercialization to reach the sales equilibrium point, which will be guarantee by a prime banks stating the following: .- Construction starting date fixed by the promoter. .- The assurance to count with funds and necessary financing instruments to finish the all construction works. .- Ending date for all works. .- The assurance that the funds of the international financing will be conducted exclusively to undertake this project. .- To demonstrate that the project has technical, financial and legal suitability to be accomplished. .- Sales schedule with appropriate customers or final beneficiaries, who assure with their owned resources, including other source of resources and financing instruments. .- To involve each potential purchaser or final beneficiary to accomplish the conditioning fulfillment to overcome this project. The constructing companies and sales promoters will integrate part of the Trust that will administrate the funds for all housing construction operations and sales of the houses respectively, in every stage of this project. The projects trustee will administrate all banking financial operations.
Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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B. - PROPER TECNOLOGY. For developing this housing construction project it is necessary to apply an excellent construction technology that provides the following characteristics: 1.- The best construction costs by employing high structural capacity materials. 2.- High resistance / weight rate to absorb seismic movements. 3.- Fast construction system with a minimum of supervision. 4.- Long-useful-life materials employed for the houses construction. 5.- Modular flexibility to allow adjusting extensional construction works. 6.- Solid and minimum wall weight. 7.- Excellent thermal resistance to save energy and environmental control for coldness and hotness. 8.- Facility to hide electric and sewer installations. The technology must be protected under a construction patent duly accredited by professional schools in Ecuador, issuing a patent certificate for this project. The use of this patent constitute an additional guarantee for the granting the line of credit by the international investor, based on the log lasting life of the houses which will not suffer any kind of damages or problems during the credit term, as much as for the for the insurance policy that covers this negotiation. C.- FINANCING .The financing will be carried out by the conversion of this project and its promoters into a Preferred Client under a Real State Trust, named Fiducia de Administracin de Bienes Etanolsa, which will include the following parties: The landlord, the constructor, guarantor, and the trustee which is the Funds Administrator (IFI) for the construction and the funds generated by the project, under a financing scenario that allows the proper development of this project in stages of a 1,000 houses, under the following requirements: 1.- A reasonable economic down payment equivalent to US$120. 00 to finance the primary expenses costs of the total loan amount to be financed per house. 2.- Reasonable monthly payment, including the financing of the construction of the basic services such as potable water, sewer, telephone and electricity networks, etc. this means around 30% of the final construction cost per each house. 3.- 0.72% monthly interest fixed during the loan financing term (20 years). 4.- The basic repayment term per house is 20 years. 5.- Insurance policy against fire, disaster and disablement. 6.- 0,50 % payment for the Funds Administrator to look for financing and be the Portfolio Manager. 7.- Banking guarantee to back 60 monthly payments averaging $120.00 per each house. Once finishing the first 60 payments, the banking guarantee will roll automatically for the second 60 monthly obligations. The total monthly payments will totalize 100% of the houses cost value. The International Financing Investors will place all necessary funds, after reaching its equilibrium point, which is covered by the a two-monthly banking guarantee to initiate right away the execution of the project, first of all the model houses, so the interested people can have a real vision of their future selected home from them. The financing company will provide all the necessary funds to develop this project through its different 1,000 housing construction in 10 stages. The international funding will transfer a 20 million American Dollars every 2-months during 24 months with a sub-total of US$240

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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million American Dollars and a final banking transfer of US$10 Million Dollars in the 26 th. month to finalize the total international financing of US$250 Million American Dollars D.- SUBSIDY FROM THE STATE.The Ecuadorian Central Government will issue through the MIDUVI-Ministry of Ecuadorian Housing, the respective subsidy bonds applying the housing construction for low-income people, without increasing the states external debt, and letting in this way 100% financing of the popular low-income peoples family houses construction. This bond issue by MIDUVIMinistry of Housing Development currently at a face value of US$6,000,00 per house. Finally, the Fiducia de Administracin de Bienes Etanolsa will join the four factors aforementioned, and appoint a trustee as administrator, including the Portfolio Manager to accomplish successfully with this project. 2.3.- PROJECTS RISK IN BORROWING MONEY. The projects risk are duly limited and controlled for the following reasons: 100% of the houses total cost is backed by world class Performance Bonds, issue by the international collateral provider and Government Construction Bonds with a face value of $6,000.00 which is equivalent to 60 monthly payment to be place into a financial credit platform to obtain a rolling bank guarantee of $60 Million Dollars for all 10,000 houses to be constructed in the complete urbanization project. TOTAL CONSTRUCTION HOUSE PRICE PER UNITS: US$25,000.00 DOLLARS A.- US$150.00 down payment to cover only the initial financing costs B.- US$6,00.00 governments subsidy construction bond. C.- US$19,850.00 plus 0.72% monthly interest that represents a US$120,00 to be paid monthly during the next 20 years. .- STEPS TO BE TAKEN FOR DEVELOPING THIS PROJECT. .- PROGRAM STARTING.Once the Real Estate Trust named Fiducia de Administracion de Bienes Etanolsa is dully established, then the point of equilibrium will be reach by the issuing of the rolling bank guarantee or similar financing instruments averaging US$20 Million American Dollars to be issued by the international collateral provider prior the payment with the corresponding 1.25% fee or US$250,000 American Dollars paid by the Construction Firm (s) to recollaterized each disbursement of fund banking transfer, thus the executing of the construction works will start right away according the constructing firms schedule. Total annual payment per 10,000 housing units averages US$14,400,000 at a rate of US$1,440 per year and per house, and total payment during the term of twenty years is US$288 Million Dollars for the total of 10,000 housing units. .- BENEFICIARYS SELECTION The projects administration, the trust named Fiducia de Administracin de Bienes Etanolsa will undertake the selection of potential beneficiaries using among mainly national cooperatives partners employees, Banco de la Vivienda del Ecuador (Ecuadorian Housing Bank) customers database, Ministry of Housing of Ecuadors database, BIESS- Social Security Bank for Housing Constructions customer database, and general commercial banking systems customers database that means by at least 20,000 pre-classified families, plus 5,000 new families to be called by the local media to fulfill all requirements aforementioned and then implementing a record to become part of this project whose

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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objective is to provide a complete finished house per each and all 10,000 low-incomepeople in Ecuador. .- DEBT ADMINISTRATION.The projects trustee, an agency bank, according to Ecuadorian Law of Market Values , will be in charge of collecting all the funds generated by subsidy construction bonds, beneficiaries down payments, rolling bank international guarantee, and finally monthly amortization monthly payments of all 2.4 million Mini- Bonds with a face value of US$120,00 American Dollars to be paid on a monthly basis during 20 years and to be collected through the Ecuadorian Banking System. The Trustee also will be responsible for semiannually or annual payments to international lenders, according to the chart of payment including in this project. All legal and financial documents as well of monies or funds to be collected from all payments of the sales of 10,000 family housing units will be placed in a prime bank into separated accounts until the complete fulfillment of all projects obligations on favor of the international lender by part of the financial beneficiaries or future house owners.. .- FINANCIAL SCENARIO..- The fixed annual interest: US$0.72% per month .- Total amount to be loaned: $25,000.00 .- Down Payment: $150.00 Subsidy Government Bond: $6,000.00 (equivalent to 50 monthly payments per house) .- Total Balance to be paid: US$19,850.00 .- Trustee administration fees, including Portfolio Manager: 0.1% per projects registration. .- FINANCING PROJECTS COST.Total amount to be financed per house: $25,000 Dollars, include 60 square meters of construction, 200 square meters lot of land, and also including the infrastructure works for the complete project. Total Loan to be financed per house: $25,000.00 Trustees administration fee 0.1%: $250.00* International Lending Interest: 1% annually, 0.72% per month
.- HOUSING SALES COSTS.7.1.- COST PER SQUARE METER OF LAND PER EACH HOUSE. Per meter US$10.00 200 sq. meter US$2,000.00 TOTAL COST US$2,000.00 10,000 HOUSES US$20,000,000

7.2.- COST PER CONSTRUCTION METER. Per Meter US$300.00 60 sq. meters US$18,000.00 Total Cost US$18,000.00 10,000 Houses US$180,000,00 0

7.3.- CONSTRUCTIN COST AND LAND COST.-

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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Land US$2,000.00

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Construction US$18,000 Total Cost US$20,000.00 TOTAL US$200,000,000 .00 10,000 Houses 200,000,000

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TOTAL 10,000 HOUSES Land Construction US$20,000,000. 00 US$180,000,000.0 0

7.4.- COST OF URBANIZATION.The cost to urbanize the land selected per each stage of construction, including cost of vehicular and pedestrian streets, sewers, electric lighting and telephonic lines, ecological parks, etc. equivalent to 30% of the total housing construction cost of $23,000.00 per each house, that means $6,000.00 dollars, considered in the following chart:
Cost per house Land Cost Construction Cost 20% Urbanization Total Cost per 10,000 Units US$25,000.00 US$2,000.00 US$18,00.00 US$5,000.00 US$250,000.00

.- Financing Repayment Program: each and all 10,000 family housing units will be paid on a monthly basis. The final beneficiary of each house will pay the corresponding face value of each of the 240 Mini-Bonds to be paid by the beneficiary per each house at a commercial bank of the Ecuadorian Banking System. The total series of the Mini-Bonds issued are 2.4 Million bonds, with a US$0.72% interest each to be paid on monthly basis. The corresponding digits are shown in the chart below:
Monthly payments of the Mini-Bonds, including the fixed-direct-interest No. of US$120.00 Value Bonds Per One House 10,000 Houses 240 2,400,000 US$28,800 US$288,000,000

12.- DESCRIPTION OF THE URBANITATION 12.A.- LOCATION 12.D.- LAND TRANSPORTATION.Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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The lands are located to the north of General Villamil-Playas city, crossing the road named Playas-Engabao highway. This facilities the urban passenger public transportation as well as the direct private driving transportation to these sites. It only takes 10 minutes by urban public and spacious bus terminal will be constructed to facilitate all the services related with urban public transportation. Besides, the project includes enough and ad equated parking places transportation per each housing units. 12.E.- LOCAL STREETS.The urbanization will include the construction system of paved 8 meters-width streets that will cover the whole urbanization to allow the free driven-transportation for urban public as well as for domestic personal private transportation that allows a everyone to park into their own garage inside their homes. 12.F.- FUNDAMENTALS OF THE DESIGN.To take the best advantage of the land topography, urbanization project has been designed, to construct at the front part of each housing unit a garage or parking place per each unit. Besides, the 20% of green areas that the Municipality demands by law or enforce per urbanization to be constructed. Additional swimming pools for kids will also to be constructed for the security of all families that will be the corresponding beneficiary per each housing unit. 12.G.- CHART OF USES OF SOIL.TOTAL AREA FOR CONSTRUCTING HOUSES: GREEN AREAS 20%: HOUSING AREA TO BE SOLD: 2,600,000 square meters 720,000 square meters 1,880,000 square meters

13. I.- DENSITY.In our project we are promoting a Housing Construction Using Simple Technology: "LowCost Housing" for short We were able to offer construction at prices up to 50 percent lower than the going rate." The large-scale contract from the city of Playas-Engabao housing project was incorporated into the project, which is being implemented by a Low-Cost Housing project advises the municipal administration on planning and implementing low-cost housing programs, trains and up-grades local human resources, and promotes small- and medium-sized construction companies. Offering know-how and services in international markets on a commercial basis, is responsible for the technical and financial execution of the construction project in the city of Playas-Engabao Housing Project. The main goal is to take action to reduce the desperate need for housing, to improve construction quality and at the same time to create jobs. "Low-cost housing technology means a no-expensive, good quality and durable construction,"explains Eng. ___________________________, technical advisor to the project. "The future residents must become owners and pay 10 percent of the construction costs." The remaining balance is being financed through 20-year construction loans. The Trustee named Fiduciaria del Banco del Pichincha as the projects administrator will be providing all necessary funds for the complete construction of 10.000 family housing units, in stage of 1,000 each, including maintaining expenses to be also pre-financing. "By doing

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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this, we want to support a sense of ownership and responsibility among the residents also for repairs, maintenance and looking after the various facilities". The technical cooperation enterprise for this major housing project is widely requested to the international private market for sustainable development with worldwide operations. We are looking for the provision of viable, forward-looking solutions for political, economic, ecological and social development in a globalized world. Potentiality of the City of Playas - Engabao The project is based mostly in the potentiality of the city of Playas - Engabao. This beach resort has population of 90,0000 inhabitants (during the beach resort season reach to 150,000) and is considered the sea-side resort of Guayaquil (pop. 2.5 million) where the middle-to high class people has constructed numerous apartments and villas to spend the vacation time during our rainy season from December to May. Besides, Playas is been projected as a city of permanent residents, at this moment, counts with characteristics that over-passed the condition of a resort for weekends, and now can offer warm and kindly hospitality all the entire year for national and international visitors. Among its main characteristics as a resort, we can mention the following: Strategic national and international geographical location. Basic infrastructural services and Well-gained prestige in fishing and nautical activities, including sport fishing. Playas - Engabao is been launched with this project to a national level and international increasing scale. This is due to that the Pacific Rim is also being transforming in the most import commercial route worldwide. As a beach resort is capturing international visitors and offering each time better environmental conditions. In order to do that the city is generating and offering attracting and recreational activities during the whole year, including sports at national, interregional land international level. Playas, considered as the closed beach resort to Guayaquil (one hour drive) is working well in generating firs-class services at a high caliber level and quality where the Municipal Governments authorities working jointly with basic services enterprises whose goals are to provide such services at the most efficient level according to international standard beach resort worldwide. The project focus to capture the increasing demand of domestic and international tourism, with priority to Guayaquils market (2.8 million inhabitants), Cuenca (Countrys third largest city in Ecuador) and the southern region, which based in the proximity and virtual lack of similar productive units, they constitute an assured market for this project. Otherwise, the decreasing of emissive tourism (moving of national travelers toward interior), as a consequence of imperative economic conditions in Ecuador and Worldwide (inflation, increase of international ticketing, hotel and other services tariff, etc.) Incites and tends domestic tourism, with positive demand for this project. Playas already have a social and cultural Identity; and its community supports, participate, collaborate, and offer the best of its attractiveness and resources, and these are: Sun and sea Natural Atmosphere, Modern city, Social prestige, Kindly people, Restaurants Hotels Aquatic sports, etc.

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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Besides, Playas counts with a well-maintained connective inter-county, regional, national and international vial net. On this vial infrastructure exists a good urban transporting system, in addition to the first-order air and maritime transportation. Front the point of view of the economic and competitive activities General Villamil Playas canton also counts with good basic service infrastructure to lend the corresponding services for commerce and production, supported at the same time, by the establishment of microfirms that boost the economic growth among all existing social classes. Peninsular Tourist Free Zone.This project will be benefit from, in a medium term, of the planning to establish a Free Zone of Tourist Services that will be in charged to promote and develop the provision of services in tourist activities. These will destine to receptive tourism and in a manner to subside the national tourism. The Free Zone will allow an ample development for facilities and access with the current ones, such as: basic services, air transportation, land and maritime transportation, telecommunication, internet, etc. Where the interior and exterior infrastructure will accomplish with the designs, technical characteristics, and standards determinate to be effective to execute jointly, as well as, strictly perform the environmental and conservation standards. The services will be established in the free zone that will accomplish with the requirements of the regulating tourist organization. Those activities to be established are: Travel Agencies of receptive tourism, Travel Agencies of national tourism, Operator of Recreational Tourism Aquatic Sports, Ecotourism Sport Fishing, Food and Beverage Establishments, Tourism Information of Handicrafts and Gifts, Accommodation Establishments, etc. The projects benefits and advantages that will be provided under the roof of the Free Zone Law will encourage major efforts of competition and it will generate a high rate of jobs and to boost the skill labor in this zone of Ecuador. This will also encourage the national and foreign investment, focusing to a sustained and sound development. Accommodation System Offers and Recreational Sites in Guayas Province (3.5 Million Inhabitants) Guayas Province accounts with more than 300 hotels resources of which 47 corresponded to real hotels and the rest corresponded to lodging establishments and services. 50.2% of hotels are considered of first category and luxury and 49.8% of establishments belonging to second, third and forth categories. The increasing tourism facilities demand is very widely noticed, not only during the beach time on weekends and holidays, but during the whole year there are a big number of visitors from different zones of the country and besides foreign visitors with limited numbers due to the lack of hotel infrastructure and recreational center or sites of first categories. The coastal rim of Guayas and Santa Elena provinces has become the main tourism zone of the country during the whole year. This developing is based and having as principal actor the private and free enterprises whos lately have constructed three new clubs with unique particularity. The creation of these large clubs will increase the attraction for new thousands of tourism, including common citizens, who will not have to spend vacations in other countries, but to staying exotic places near their domiciles in Guayaquil. In the same zone currently are operating the following tourist attractiveness: San Vicente Thermal Bath, Salango Petrified Forest, Machalilla National Park (Indian museum), Isla de la Plata (Silver Island), Ensenada de Ayangue, Olon Beaches, Montaita Surfing,

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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besides there are many Indian archeological centers like Guangala, Real Alto, Las Vegas, Chorrera and Valdivia Indian cultures. Summarizing, our named Costa Azul Zone (Blue Coast) counts with ideal beaches complemented by the beauty of Pacific ocean and the presence of traditionally people where flourished our ancient Indian cultures full identified with Ecuadorian roots, as well the surging of resorting towns and cities of great urban development. The Ecuadorian Costa Azul (Blue Coast Rim) belonging to Santa Elena and Guayas Provinces offers a good number of enchanted and fascinating places that assures rest and rejoice of all kind of visitors. From the geographical point of view, there many beach towns around this area offering a wide variety of entertainment to move and change of sites easily and close each other, and putting in practice any initiatives for visitors from sport fishing, surfing, yachting, tennis, scuba, etc. Naming these towns from the southeast: Posorja, Data de Posorja, Data de Villamil, Chanduy, Ancon, Punta Carnero, Salinas (Biggest Developing Beach Resort), La Libertad, Ballenita, Punta Blanca, Capaes, and San Pablo. Facing further north there are: Palmar, Ayangue, San Pedro, Valdivia, Manglaralto, Montaita and Olon, all this sites are located right on the beaches are linked together by the highway called Ruta del Sol (Sun Route) and Rute of the Spondylus. The called blue coast, in circuit from Salinas to Puerto Lopez, in Manabi province, offers an attractive variety of tourist wealth, to known and visiting it to meet with emotions, peace, sun, handicrafts, and walking by beaches and woods, extreme sports, observation of birds and whales, dawn and warm sandbank. Without doubts this zone represents an enormous tourist potential for our Blue Coast province of Guayas. This means an increasing demand of dozens of thousands of potential visitors and potential buyers for the villas of our housing project that definitely assured the repayment or return of capital investment in project like proposed by (name of the company) International Seafront.- In our project we offer the construction of a vehicular and pedestrian of restricted use, establishing regulation for the opening of commercial establishments. All will be organized for the maintenance of seafront itself. This project will count with several complementary services and precise co-projects, such as handicraft market; areas of skating, biking, walking, etc. Besides, areas of parking, rest rooms, showers and playing sports on beaches. This seafront will be constructed under a concept of an open big commercial mall, this means the development of other services in encircled areas such as the following: Ecuadorian Tropical Garden.- Additionally, artificial lakes will be constructed in an area of 2.5 hectare, including summing pools with mechanically generated-waves and toboggans, forming a great familiar recreational center. In another area of 12.5 hectares, with the technical advisory and patronage of Tropical Garden of Miami, Florida, we are going to construct a large garden, including the their seeds and our rich native flora seeds and a mini zoo with the native fauna zone. Center of Art and Culture.-This type of center will be also constructed where national and international festivals for special series of performances as the well-known in Via del Mar and Acapulco. Complementary and related service to these activities, are going to be patronage and perform, such as movies, exhibits, conventions, seminars, etc. Playas-Engabaos beaches, although the infrastructure works to be performed and carry out to develop this project, and special care will be kept to preserve the natural status of the
Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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beaches by definition are geometric places to equilibrate the earth and ocean, in order to preserve this equilibrium, it is necessary to preserve the beach under the best natural conditions. It is necessary to point out that the sea does not supply solids, this concept is important because the following reasons: This Playas-Engabaos project will constitute the future main tourist center of Ecuador, and it has gained by its natural beauty of the beaches, under these conditions and circumstances, the project considers, under the single concept that the whole city of Playas-Engabao, includes the seaside resort, the seafront and the beach. The projects technical team force is under periodically observation of the affected beach in this project and to accomplish these tasks, the Projects Task Force Team will have a sea environment quality laboratory, equipped to undertake the physical, chemical and biological analysis on sediments and water, as well as the needed field instrumentation. Also, it will have an electronic and instrumentation workshop which, in addition, will provide services to other units of the city of Playas-Engabao. The Projects main consideration is the creation of a Center of Studies to aim at developing long-term statistical analysis on marine climate (waves and wind). It also applies numerical models of marine hydrodynamics to the studies on beaches and port coastal engineering. Knowledge of the wave climate is a prerequisite in most of the studies of the coastal areas, since it is the main agent in the evolving dynamics of the coast and a key action to be considered in the regeneration in coastal structures and beaches. The objective of this Center is to maintain the relative information as up to date as possible in the techniques for wave characterization, needed for the different types of studies, as well as to contribute to the development of this discipline as much as possible. The Project will consider the numerical models of marine hydrodynamics are today worldwide and in certain areas a highly competitive tool in comparison to the physical models from the point of view of cost, execution time, versatility and quality of results. The Projects Task Force Team will make extensive use of models of wave transformation in coastal zones (refraction, refractiondiffraction), wave disturbance within the beach and long wave analysis. Prepared by Wellington G. Gallardo, Ciudadela. Los Esteros, Manzana 29, Villa 4, tel. (5934)2422511, Playas Phone: (5934) 2764042, Cel. Phone (5939) 89502692, e-mail: finangallardo@hotmail.com, Guayaquil, Ecuador.

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511, cel. 593-9-89502692, email. finangallardo@hotmail.com

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