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FINANCE
According to current feasibility study and calculations, the total coast of implementation of this project
will be just under £20,000,000 GBP. Naturally the Deska Owners have already heavily invested into this
project. This investment has been made in several ways. Firstly, the concept plan and preliminary
proposal as well as the implementation project has been developed and financed. Secondly, all the
research, reports and studies have been carried out in order to be able to approach the necessary
applications. Furthermore all the relevant governmental departments have been approached and all the
necessary permit application processes have been successfully completed. The investment incentive
certificate which has been granted for this project by the sate planning department of the T.R.N.C.
entitles the project to be subsidized by 50% of the total cost. However, the current status of the state
development bank suggest that they can provide only 1,000,000 $ USD at this point in time. Therefore
project owners are prepared to consider establishing a form of business collaboration with a business
investment partner either in the form of a joint venture or a similar contractual agreement.
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