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'Paramount's first stone to be laid in May' : Minister

Thu 8th Mar 2012

The Regional Minister for Culture, Pedro Alberto Cruz, appeared before the press today, where he confirmed that the first stone for the Paramount Pictures Theme Park Project at Alhama de Murcia will be laid sometime during May.

This comes despite promises made in February that the first stone would actually be laid in April .

He went on the confirm that the project was "past the point of no return."

The announcement came following speculation that the failure to purchase all of the required land yesterday may result in a delay to the project.

The Promotor and Developer of the project, Proyectos Emblemáticos Murcianos SA - trading as Premursa, were only able to puchase around two-thirds of the 1.8 Million sq mts of land required yesterday, but maintained that the remainder would be purchased at a later date and that the glitch would not impact on work on work on the park commencing.

The land purchase yesterday, worth 10.3 Million Euros, takes the total outlay made by Premursa to date some 28 Million Euros.

The opening of the Paramount Park, and the first phase of the Lifestyle Center, is expected in the first half of 2015.

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