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Ten-year build time for planned ‘luxury resort’ at Benagil

benagilA project to build a luxury resort at Bengil in Lagoa will cost €180 million and is scheduled to start next year.
 
The 'luxury tourist development,' which includes a hotel, a tourist village and a hotel-apartment building, is planned to centre on the currently unspoiled, small but beautiful, Benagil beach area.
 
The environmental impact study of the project is in the public consultation phase until June 14th allowing the public and interested parties to comment on the irreversible effect this 21.9 hectare development will have on one of the region’s largely unspoilt coastal settlements.
 
The new five-star development will stand 300 meters back from the  coastline between Benagil and Marina beach and will add 1,279 tourist beds to the region's total. The developer estimates the project will create 312 jobs.
 
According to the study currently under consultation, the execution of the infrastructure of the development will take place in 2019 and the construction of the various projects will continue until 2029.
 
The completion of the new venture will involve the replacement of part of the 1273 municipal road and its improvement between Caramujeira and Benagil.
Two public car parks will be built near to Benagil beach.
 
The project is being promoted by Benagil - Promoção Imobiliária  S.A. and the tourism development is in the Municipal Master Plan for the Lagoa area.
 
Benagil- Promoção Imobiliária now is owned by FIMES Oriente, under the control of Novo Banco, which intends to develop the 12-year-old project, originally proposed by Luís Filipe Vieira Ferreira, the property developer and Benfica president.
 
The plans are to be found HERE