A Dutch firm is reported to be planning to invest 40 million Euros in the leading Czech ski resort of Pec pod Snezkou. Middle Europe Investments apparently wants to upgrade facilities in the northern Bohemian ski town.
The money would go on a new central square with underground parking garage, town hall, hotel, shops and recreational facilities in the centre of Pec. It also offers a mountain tram to the ski area and a funicular railway.
Pec mayor Alan Tomasek is reported to be in favour of the project, which would begin in 2010 or 2011 sand take about three years, whilst other local council members oppose the plan.
Middle Europe Investments already owns and manages around 40 properties in tourist destinations throughout the Czech Republic and Slovakia.