According to the press release of OKKO Group by Vitaly Antonov, the company will build the GORO Mountain Resort at the foot of the Vysoky Verkh mountain massif, near the villages of Volosyanka and Verkhnya Rozhanka, which are part of the Slavska OTG of the Lviv region. Construction will last 15 years.
The amount of investment in GORO Mountain Resort is estimated at $1.5 billion, of which $500 million OKKO Group plans to invest through its own and credit funds, another $1 billion plans to attract from other investors.
The total area of GORO Mountain Resort will be about 1,200 hectares, of which 360 hectares are planned for mountain and ski infrastructure, and more than 800 hectares for the development of hotel, commercial and recreational facilities.
On the territory, it is planned to build 41 ski tracks with a length of 75 km with 342 hectares of snow, 17.5 km of lifts, including two gondola cable cars and 11 chair cable cars, as well as Welcome and Mountain centers.
Ukraine's first longest gondola cableway (2.8 km) and the longest ski track (3.8 km) should also appear here. 25 hotels with 5,500 rooms will also be built.
As Vasyl Danylyak, CEO of the OKKO group of companies, said, by the end of 2026 it is planned to build a Welcome center, a parking lot, primarily a snowmaking system, and a gondola.
The budget of the first stage is about $100 million, of which $30 million is the snowmaking system, Danylyak clarified.
Completion of the construction of the first phase is planned in 2028-2029, according to the press release.
"We see the prospect, even despite the challenges of the war, and understand the importance of such ambitious projects for the socio-economic development of the Lviv region. The new mountain recreation project should become a magnet for Ukrainian and foreign tourists and potential investors, putting a modern mountain location on the tourist map of Europe." , - noted OKKO CEO Vasyl Danylyak.
To create an international format, OKKO Group involved world-class Austrian experts: PKF Hospitality (investment analysis and concept), ILF Group (master plan and ski infrastructure) and Doppelmayr/Garaventa Gruppe (design of lifts and cable cars). The investment and development company GORO Development is engaged in the development and construction of real estate on the territory of GORO Mountain Resort, and the complex will be managed by a single operator.
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