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AMOUNT TO BE LOANED: US$ 450 millions American Dollars. PURPOSE: To Construct 20000 low-to-medium income people houses, in stages of 5,000 houses each. Contracts with local Municipalities will be celebrated between the parties, namely: the project’s promoters, the Municipality of Playas-Engabao, and the houses’ beneficiaries, and a qualified international financial institution. INTEREST: 5% annually. TERM: 25 years with a 2-years grace period. FORM OF PAYMENT: Government Bonds of US$5,000.00 Dollars to be subsidized by Ecuadorian Government, US$300 Dollars of down payment by the applicant, and US$18,000 to be financed by international investors( the portfolio and debentures could be bought by the Ecuadorian Housing Bank or similar IFI entity). GUARANTEE: Municipal Bonds and Government Construction Bonds both totaling US$460,000,0000 Dollars, and a pool of mortgage for $460 Millions Dollars to be paid within a 25-years term. ENTREPRENEUR: Group of Landlords minimum covering 1,000 hectares of lands where the construction projects per stages are going to be undertake it by leading Construction firms in Ecuador. PROJECT ORIGIN: Ecuadorian are suffering a 1.6 million deficit of houses which an increasing growth of 50,000 houses a year. The main project’s purpose is to cover only the increasing growth per year, applying friendly policies and the use of new international sources of capital with appropriate long-term credit scenario to let the low-income people to adjust a reasonable monthly payment and to obtain the government construction bond of 22.5% total house cost. DESCRIPTION OF PROJECT: Several leading constructing company in Ecuador, duly approved by the Ministry of Housing of Ecuador, are undertaking the challenger to construct low-income people’s houses, including important construction companies based with long experience in the construction business, like major works in Guayaquil such commercial malls, Guayas Bay shore, shopping centers, supermarket buildings, churches, multi-family houses, individual houses, etc.; and the accumulation of sound equity on paid-in capital, construction machinery and labor force, and good relations with political and banking circle in Ecuador. FINANCING PLAN: the total cost of construction per house, including land and the infrastructure works is US$23,000 American Dollars. The opportunity cost on raw materials, such as steel, iron and cement are guaranteed by future purchasing contracts with the local cement plant and steel mill under excellent price policy to be covered by sureness of the big sales amounts required in the project, in such way, these providers will act as covered partners in this construction project. In addition, the low-cost labor force and different lands provided by the local Municipalities, and the huge deficit of houses, assures to undertake this project into a success. The landlords will transfer the property dominion into a fiduciary contract which also will receive the corresponding transferring value for the purchasing of their lands. The funds will be placed in the fiduciary contract by a prime bank against a bank guarantee issued by an international financing company. The Funds Administrator or Trustee will manage the funds to undertake for developing the entire housing project in stages of 2,000 houses each.
Other significant factor that influences strongly in the success in this project is the current Government’s enthusiasm in the solution of low-income people deficit houses, by compromising a subsidiary payment called a construction bond of US$5,000 Dollars per finishing constructed house, plus a down-payment of US$300.00 per applicant, totaling US$23,000. This means that only US$18,000 Dollars will be financed by our lender in practice, backing by a “Pool” of mortgages to be paid in 25 years at a rate of US$100 per month, and US$1,200 annually, and US$30,000 in total during 25 years. The BEV-Ecuadorian Housing Bank could also help and participate in developing this important housing project, acting a second floor bank through financing the rediscount of 70% of the portfolio of the “pool” of mortgages of 20,000 houses, whose cost of constructions were financed by international financing investors on favor of the constructing firms in Ecuador or international financing companies against sales contracts, per each constructed house, and already endorsed by the beneficiaries on its favor. We also are looking for the patronage of international institution such as Children International whose foster parents, living mainly in the USA, will be willing to make the very low daily payment to provide a solid concrete house per child in Ecuador. Other sources of potential buyers are Ecuadorian resident living abroad, mainly in the United States, Spain, and Italy who will be invited to participate in this construction project to provide a house for a low-income relatives living in Ecuador by paying US$100.00 per month. For this purpose we can established a new processing system of transferring or wiring the money from those countries directly to the “Trust” under pre-instructed conditions by the international lender or organization. In addition, this project contemplates in sales marketing with the MIDUVI and BEV-Banco Ecuatoriano de la Vivienda’s (Ecuadorian Housing Bank) data base of 100,000 potential buyers with all up-dated necessary information to choose easily 50,000 qualified buyers for the houses of this project. Profile for Rediscount Portfolio : 1.- The Financing Institution present the portfolio for rediscounting at the BEV-Ecuadorian Housing Bank. 2.- According to financing conditions: Maximum Sale Price is US$8,000 Dollars, maximum amount to be rediscount is US$5,400 Dollars. The percentage to be rediscount is up to 100% of credit line, from IFI ( Intermediate Financing Institution) extended to BF(Final Beneficiary), under the following scenario: Term: Up to 15 years. BEV’s Interest 1.5% + IFI’s free margin to be readjusted semiannually. Credit repayments: To be paid monthly. Guarantees: Municipal Bonds, government construction bonds to be place in an international banking account covering a total of US$460 Millions American Dollars. 3.- The commitment to individualize the mortgage by the IFI-Promoter. 4.- Monthly payment, according to IFI’s interest is : US$100 with a monthly gross income from the final beneficiary of $300 dollars, with a rate of 1 to 3. 5.-Rediscount : By line of credit extended to the constructor and final beneficiary.
the current project’s objective is focused is contributing to develop a real housing market in Ecuador. as collateral to convert themselves into “Preferred Customers”. e.Financing Scenario: The constructor is granted with funds for the construction works for housing up to months. once that the first repayments have been accomplished under the following chart: f. OTHERS PROJECT’S OBJECTIVES.Constructing Firms or promoters present the alternative to obtain an international prime bank guarantee to cover the total cost of the housing construction. Technology : Approved project by Municipalities. h.00 each and Government Construction bonds of US$5. according an approved scheduled chart and time frame during which the said construction on the lot should be finished. Loan Term for Final Beneficiary: Up to 25 years The loan for the constructor is base on MIDUVO’s validation on the project according to: a. We see the housing construction as a real estate industry.Term : 12 and 24 months of constructing period. Trustee or another... Housing construction improve the family welfare and generates massive labor and employment in the less possible time frame. for 12 and 24 months to finish the housing construction and obtain the title deeds to the houses and to reach the rediscount operations with the MIDUVI-Mnistry of Housing of Ecuador. using fresh funds resources on long term and with financing tools that eliminate some taxes or encumbrances. i. Leading constructing firms also offer a revolving bank guarantee from an international prime bank to cover 50% the first 90 monthly payments and later for the following 90 monthly payments. c.Financing terms or financing scenario for loans for housing construction of US$23.Besides.-Guarantees : Municipal bonds of US$100. to help to overcome the economic standstill that Ecuador is facing at this moment. that is the pre sales... d.Rediscount coverage : Up to 90% of the portfolio value. b. l.Financing : Presentation of international financing contract between the IFI and the International Investors to finance the completed project and the report on project’s feasibility from IFI.000 Dollars per complete construction housing unit.. g. Housing construction is one of sectors that generates more direct and indirect JOBS in a short term. j. 3 .000 Dollars..Priority of the Project : Preferences for the projects protected under an umbrella of a prime bank guarantee. Sales Mortgage per each housing units to be sold to the final beneficiary.Commercial : Determination on real existing demand for construction in such area constituting at least 51%d of the total project .. k..Execute Control Instruments : By IFI..Interest : 5% Annually.
constituting a long term saving. including housing finishing. financial and legal suitability to be accomplished. including other source of resources and financing instruments.To demonstrate that the project has technical.000 people that belongs to the middle cast and below. The constructor will work jointly with the house sales promoters to assure the construction feasibility and project’s commercialization to reach the sales equilibrium point. and water pipeline installations.000 houses to be constructed. and the final beneficiary with its only US$300. the constructing firms will conduct the ground topography. electric and telephonic network.The assurance to count with funds and necessary financing instruments to finish the all construction works. this means an average of 5 people per house.. because they have not available the necessary tools or financial instruments or banking to execute this important project. under the best construction costs and basic infrastructure parameters. replacing the classic monthly rent cannon which at the end it does not produce any result.. the feasibility studies on construction costs.. Thus the urgency to link all the factors to undertake the construction of houses. The constructing firms that will provide with houses’ designing drawing and the municipalities’ permits and authorizations. the international banking guarantee.. drainage.To involve each potential purchaser or final beneficiary to accomplish the conditioning fulfillment to overcome this project.Ending date for all works. such as the subsidy or construction bond granted by the Ecuadorian government. soil studies. The constructing firms will also provide for the trust’s autonomous capital with a descriptive report and technical specifications. . This incorporation avoid that the landlord sells his land at a lower price.The housing construction represents for the Ecuadorian economy .. A. including retaining of taxes. in the current project.The landlords owners of the most appropriate and characteristics lands for developing this project.35 cents of a dollar invested in the construction. it goes to informal labor of our economy. . 4 .00 Dollars.LANDLORDS AND CONSTRUCTORS. The constructor also will elaborate the evaluation schedule of works and the disbursement chart of investment.The assurance that the funds will conducted exclusively to undertake this project. . . which will be guarantee by a prime bank’s stating the following: .Sales schedule with appropriate customers or final beneficiaries. They normally could not undertake this project individually. sewer. This project will benefit around 100. who assure with their owned resources.. complete work budget. . as the best distributed investment.. in our project the Ecuadorian family is paying its own house and in this manner the money or funds used are distributed in a vast number of providers from all over the economic sectors. The majority of the material and products employed in the construction field are domestically made and It is important to keep in mind that $0. The repayments for the lands will be administrated by a qualified trustee that is familiarized and counts also with a good infrastructure to manage as well the funds placed by an international financing firm as the funds generated from the sales of constructed houses.Construction starting date fixed by the promoter. Besides. .. the IFI as a potential discounter of the pool of mortgages portfolio for the 20. including their construction systems. because it goes and reach the biggest number of families helping to improve people’s purchasing capacity. instead he is able to sell it at the best opportunity price being part of this project which sells constructed houses with all basic infrastructure.
The use of this patent constitute an additional guarantee for the granting the line of credit by the international investor. which will include the following parties: The landlord.Modular flexibility to allow adjusting extensional construction works. first of all the model houses. 6. The financing company will provide all the 5 .1.Reasonable monthly payment. 00 to finance the primary expenses costs of the total loan amount to be financed per house. under a financing scenario that allows the proper development of this project in stages of a 2.. 6. 7. as much as for the for the insurance policy that covers this negotiation. this means around 30% of the final construction cost per each house.The financing will be carried out by the conversion of this project and its promoters into a “Preferred Client” under a “ Real State Trust”. after reaching its equilibrium point. 4. which is covered by the monthly banking guarantee to initiate right away the execution of the project. 2..A reasonable economic down payment equivalent to US$300. under the following requirements:: 1.PROPER TECNOLOGY... Once finishing the first 60 payments. C. 3.2% payment for the Funds Administrator to look for financing and be the Portfolio Manager. telephone and electricity networks..Facility to hide electric and sewer installations. 2.Solid and minimum wall weight. sewer.. etc.. including the financing of the construction of the basic services such as potable water.Fast construction system with a minimum of supervision.High resistance / weight rate to absorb seismic movements. 5. B. guarantor.Long-useful-life materials employed for the house’s construction. disaster and disablement.... – For developing this housing construction project it is necessary to apply an excellent construction technology that provides the following characteristics: 1. the banking guarantee will roll automatically for the second 60 monthly obligations..00 each. The total monthly payments will totalize 100% of the house’s cost value...000 houses.FINANCING . in every stage of this project.The best construction costs by employing high structural capacity materials.. 3. based on the log lasting life of the houses which will not suffer any kind of damages or problems during the credit term. 5. The project’s trustee will administrate all banking financial operations. so the interested people can have a real vision of their future selected home from them. 8.. the constructor.The basic repayment term per house is 25 years. and the trustee which is the Funds Administrator (IFI) for the construction and the funds generated by the project. 7... .5% annual interest fixed during the loan financing term. The technology must be protected under a construction patent duly accredited by professional schools in Ecuador.The constructing companies and sales promoters will integrate part of the Trust that will administrate the funds for all housing construction operations and sales of the houses respectively. The International Financing Investors will place the all necessary funds. 4.Banking guarantee to back 60 monthly payments averaging $100. issuing a patent certificate for this project.Excellent thermal resistance to save energy and environmental control for coldness and hotness.Insurance policy against fire.
TOTAL CONSTRUCTION HOUSE PRICE PER UNITS: US$23.000 new families to be called by the local media to fulfill all requirements aforementioned and then implementing a record to become part of this project whose objective is to provide a complete finished house per each workers and employees in the SEA-Santa Elena Agreement. the respective subsidy bonds applying the housing construction. ..000.. the legal framed contract to cover legally all of them. D.BENEFICIARY’S SELECTION The project’s administration.000 pre-classified families..00 per house.000. $23..00 per house and per year by the international financing institution.. Social Welfare Task Force Team will undertake the selection of potential beneficiaries using mainly the SEA-Santa Elena´s employees and works data base formed by 15.000 housing units is US$24.PROGRAM STARTING. Total annual payment per 20..STEPS TO BE TAKEN FOR DEVELOPING THIS PROJECT. equivalent to 12 monthly payments until the complete payment of each house.000... .3.A.00 DOLLARS A. including the Portfolio Manager to accomplish successfully with this project.Once the Real Estate “Trust” is dully established. Etanolsa S. C. and total payment during the term of twenty years is US$600 Millions Dollars for the total of 20.US$5.00.200. plus 5.PROJECT’S RISK The project’s risk are duly limited and controlled for the following reasons: 100% of the house’s total cost is backed by Municipal Bonds and Government Construction Bonds against a 50 World Top bank debentures of cash on the account of each and all employees and workers under the SEA-Santa Elena Agreement.necessary funds to develop this project through its different housing construction stages.000 at a rate of US$1.SUBSIDY FROM THE STATE..000 housing units. This bond issue by MIDUVI-Ministry of Housing Development is currently of US$5. then the point of equilibrium will be reach by the issuing of the rolling bank guarantee for $1. thus the executing of the construction works will start right away according the constructing firms’ schedule.000. .US$300..- 6 .00 down payment to cover only the initial financing costs B.The Ecuadorian state will issue through the MIDUVI-Ministry of Ecuadorian Housing.00 total loan requested. . 2.200 per year.200. without increasing the external state’s debt. and appoint a trustee as administrator.000.00 each backed by a rolling bank guarantee of $1.00 that corresponds to all monthly payments averaging $100.DEBT ADMINISTRATION.00 government’s subsidy construction bond.US$18. and letting in this way the 100% financing of the popular low-income people’s houses construction. Finally. Each monthly payment will be deducted from the monthly salary payment of each employee and works under SEA-Santa Elena Agreement. The “Trust” will joint the four factors aforementioned.
00 dollars.000.FINANCIAL SCENARIO. including Portfolio Manager: 0. Total Loan to be financed per house: $13.COST PER SQUARE METER OF LAND.The project’s trustee will be in charge of collecting all the funds generated by subsidy construction bonds.COST OF URBANIZATION. that means $6.CONSTRUCTIÓN COST AND LAND COST.00 Down Payment: $300.00 Trustee administration fees.COST PER CONSTRUCTION METER.The fixed annual interest: 5% annually Total amount to be loaned: $18.1. beneficiary down payments. include 70 square meters of construction . rolling bank international guarantee..000.000. All legal and financial documents will be placed in a prime bank’s safekeeping custody until the fulfillment of all project’s obligations on favor of the international lender by part of the financial beneficiaries or future house owners.000.7. equivalent to 30% of the total housing construction cost. .The cost to urbanize the land selected per each stage of construction.000 houses $280. electric lighting and telephonic lines.00 7.1%: $230.000 $60..000.000.000.000 Construction cost = US$13...000 = US$452.000 7. according to the chart of payment including in this project. The Trustee also will be responsible for semiannually payments to international lenders.00* International Lending Interest: 5% annually .00 $19. etc. and also including the infrastructure works for the project..00 Subsidy Government Bond: $5.000. including cost of vehicular and pedestrian streets. and finally monthly amortization payments.000 Dollars..000 HOUSES $15 $3.000 $392. ecological parks. 200 square meters lot of land.. ..1% per project’s registration.00 Trustee’s administration fee 0.3.FINANCING PROJECT’S COST. considered in the following chart: Land cost = US$3.600 30% Urbanization = US$6.HOUSING SALES COSTS.2.600 $392.000 7. COST 200 Meters 20. 1 Floor/M 100 meters 20.600 7 .Total amount to be financed per house: $23. sewers.000 TOTAL COST = US$22.$60.000.4.
. the 30% of green areas that the Municipality demands by law or enforce per urbanization to be constructed.Total cost/house -US$5.A.G. urbanization project has been designed.F. Additional swimming pools for kids will also to be constructed for the security of all families that will be the corresponding beneficiary per each housing unit.00 Maintenance expenses $100..00 ..LOCATION 12. It only takes 10 minutes by urban public and a spacious bus terminal will be constructed to facilitate all the services related with urban public transportation. and US$100 of Monthly payment during 25 years.Financing Repayment Program.The urbanization will include the construction system of paved 8 meters-width streets that Hill cover the whole urbanization to allow the free driven-transportation for urban public as well as for domestic personal private transportation that allows a everyone to park into their own garage inside their homes.Other costs Technical fees : $100. Besides..LOCAL STREETS. the project includes enough and ad equated parking places transportation per each housing units.E. 12.LAND TRANSPORTATION..TOTAL AREA AREA TO BE AREA TRANSFER TO THE MUNICIPALITY COMMERCIAL AREA TO BE SOLD HOUSING AREA TO BE SOLD GREEN AREAS 8 . This facilities the urban passenger public transportation as well as the direct private driving transportation to these sites.DESCRIPTION OF THE URBANITATION 12.00 Total $300. AVERAGING MONTHLY PAYMENT: $100. crossing the road named Playas-Engabao city.000 –Government Subsidy Balance and US$300..CHART OF USES OF SOIL. 12.To take the best advantage of the land topography.00 Other expenses $100.The lands are located to the north of General Villamil Playas city.D.. to construct at the front part of each housing unit a garage or parking place per each unit. Year Amortization 5% Interest Total Balance TOTAL INTEREST: 5% annually..FUNDAMENTALS OF THE DESIGN. Besides. 12.00 12.00 Down Payment..
Local land management Advise for towns and communities on managing land and property and help them to create legally defined ownership structures and transparent land markets. Our main objective is to improve people's living conditions on a sustainable basis. for instance through waste management. maintenance and looking after the various facilities". focusing to support local policymakers. is responsible for the technical and financial execution of the construction project in the city of Playas-Engabao Housing Project. good quality and durable construction. The technical cooperation enterprise for this major housing project is widely requested to the international private market for sustainable development with worldwide operations.and medium-sized construction companies. Offering know-how and services in international markets on a commercial basis. to improve construction quality and at the same time to create jobs. 9 . framed under the following terms and conditions: Urban management. The Promoting firm’ administration is providing pre-financing. "Low-cost housing technology means inexpensive. forward-looking solutions for political. administration experts and local authority associations in managing municipal development." explains Eng. and promotes small. Interurban cooperation Advising to local authorities on forging alliances with other towns and communities that help them to assert their political interests and solve common problems more effectively.- In our project we are promoting a Housing Construction Using Simple Technology: "Low-Cost Housing" for short We were able to offer construction at prices up to 50 percent lower than the going rate. The main goal is to take action to reduce the desperate need for housing.COMMERCIAL PREMISES TO BE SOLD RESERVED ECOLOGICAL 13. business and society on how to implement these approaches. which is being implemented by a Low-Cost Housing project advises the municipal administration on planning and implementing low-cost housing programs.DENSITY. Creating a live able urban environment (UrbanEco) Strictly confident in promoting environmentally sustainable development in urban settings." The large-scale contract from the city of Playas-Engabao housing project was incorporated into the project. clean air policies and sustainable production and consumption. I. technical advisor to the project. We are looking for the provision of viable. administration." The remainder is being financed through 15-year construction loans. we want to support a sense of ownership and responsibility among the residents – also for repairs. delivery approaches by which to improve public service provision and manage municipal finances and lands. "By doing this. Roura. trains and upgrades local human resources. We are aiming for advise stakeholders in politics.. economic. "The future residents must become owners and pay 10 percent of the construction costs. ecological and social development in a globalized world. For instance.
We also support peaceful forms of conflict transformation. Cities exert an enormous appeal: their populations are growing day by day. including Ecuador. Accompanying these opportunities. By 2025. As the lowest political and administrative level of government. ecological and institutional developments can often impact negatively on the entire development process. Cities with good living conditions offer their inhabitants many opportunities. however. to participation in political decisionmaking. Urban and municipal development : We know that half of all the world’s people are organizing their lives in cities and towns. Good Urban Governance: We are focusing in how to help Municipalities in developing and transition countries. our aim is always to involve the population and the private sector. As cities are not just economic and political centers but also major sources of social renewal. cities are of special significance in the provision of state-run services. are growing demands on the capacities of 10 . energy. leisure opportunities and quality of life. They are also the hubs of economic momentum. safe cities Help to promote civil society development to enable all citizens to participate in political processes. Good 'urban governance' is hence the key to overcoming pressing development problems. social life and culture.Improving urban infrastructures and services We looking for support the improvement of urban infrastructures in the fields of waste. two-thirds of the world’s population will live in cities. Formula to advise local authorities on promoting small and micro enterprises in the informal sector in order to reduce poverty. as well as employment for millions of people reduce urban environmental and health risks effectively through advanced waste management. cities and communities in restoring their historical buildings using local knowledge – an important precondition for developing a tourism industry. to access to infrastructure and services. economic. transport and water. Local business promotion In cooperation with the private sector to promote the competitiveness of business locations and the local economy. above all to • • • • • • create live able urban environments offering high levels of safety. mobility. transport and urban health policies allow disadvantaged population groups to participate in the social and political aspects of urban life and benefit from economic progress offer urban integration support for migrants to the cities transform cities into service centers for rural regions and hubs linked into the global economy create urban networks as superregional forums for cooperation in the fields of peace building and other global issues. Developing socially inclusive. clean air. from a share in economic growth. Urban renewal and using cultural resources for development purposes We are aiming to support towns. undesirable social. we are aware and acknowledge that urbanization is progressing at such a fast pace that the authorities' administrative and urban development capacities are unable to keep up.
there will be 2 billion new urban dwellers (180. transport. Examples include the „Poverty Profiling. provision of goods and facilities for sewage and waste disposal. today readiness to discuss and cooperate is taken for granted. but also the preservation of urban cultural traditions. safe drinking water.municipal institutions. we believe in the strengthen the capacities of cities and towns to accomplish their tasks economically and in a manner responsive to public concerns. practically all of them in developing countries. the municipal administration. The “urban millennium” (Kofi Annan General Secretary of the United Nations) has begun: in 2008. The people in these expanding cities need jobs. In our major housing project we are aware of the challenges confronting city planners and managers. in pursuit of common purposes and goals as the one in this major housing project. urban poverty is on the rise. health care. public resources must be stretched to meet the needs of more and more people. Our approach is the program to supports state and non-state actors by jointly developing instruments and methods which ensure poverty-oriented and participatory decision-making processes in the districts. Poor population groups also stand to benefit from this joint effort – through better access to public services and being specifically integrated into decision-making processes. In many places. 11 . education and affordable transportation. Environmental resources are being strained to the limit. Governments. In our project we intend to support the Municipality of Playas-Engabao in their search for appropriate solutions to their problems. We are now working very hard in this Playas-Engabao Housing Project to promote a dialogue between city administrations and residents of poor districts. and the establishment of district databases in order to improve the availability of social and economic data. Particularly.000 daily). working with many entities private and public to achieve one of the best major housing dev elopement project in Ecuador. and provide opportunities to the communities to participate in local decision-making. civil organizations and the private sector recognize that they must take action in view of the explosive growth of the urban population in developing countries. provision of housing. We are offering them a single address for obtaining services based on broad experience in a variety of fields. administrations. that we considering in our major housing project to implement sustainable maintenance systems for local infrastructures. Mapping and Pro-Poor Planning“ methodology which allows to assess the poverty situation in a district. These services cover not only specific areas such as water and sewage. local citizens and enterprises. we are looking for international private financing to extend or provide a successful an urban line of credit backed by an international fund. By 2030. Together with local actors. apply transparent budget management procedures. Our program will aid districts in the establishment of operations and maintenance (O&M) systems for local infrastructures (such as markets and lorry parks). more than half of the global population will live in cities. It has been studying and carrying out this urban development project for three years. and local economic promotion. and it even provides a credit card for obtaining the construction materials. As public funding dwindles. We are looking also to help in implementing municipal management methods. We are working to formulate and implement poverty-oriented development plans. This will be managed between the residents themselves and offers promotional instruments tailored to the needs of the extremely poor. housing. Local development potential is optimized by pooling the resources of the political leadership. air quality. Where communication barriers and silence once prevailed.
Managing Director: Wellington Gallardo Total Loan Amount: US$460 Million dollars Term: 25 Years. cruises and other aquatic sports. right in front of its downtown. Besides. a Municipal concession contract will be celebrated between the Municipality of Salinas and the promoting firm of this project. for sport fishing. 12 . Loading and services for vessels for cruises. The Municipal Government of Playas’ authorities leading by its Major is agreed and engaged in developing jointly with this important housing construction project. South America Name of the Project: Beautiful Engabao Project Construction Firm: Roura Carrion Cía. This will allow covering an important segment of the credit amortization obtained for the construction of the same.The planning instruments will be developed by the program and for sure to be have been incorporated in the planning guidelines of our national planning commission for the 2008 .2016 medium-term development plans of the Playas-Engabao Municipality. In our project the district databases will be contributed to a significant increase of Municipality' own revenues. with a global vision considering the following: A design concept that does not block the view to the sea. not only because they should form a sole concept.Playas named “Beautiful Engabao Project” and covers about 6 kilometers along the Pacific Ocean. from the construction erected right in. based in on tax services. Ltda. To reinforced and assure this feasibility. Guayaquil. Ecuador. The Construction of a public pier. but fundamentally to constitute the best financial feasibility. to be collect for the infrastructural civil works to be done by such urban regeneration. to provide service for national vessels. This project consist and is summarized in the following segments: The project includes the control and protection of the beach and is complemented with the construction of a Malecon on the seafront. At present the beach is found in virgin state that is evidence by abundant sand on all surfaces appearance in the shore of Playas – Engabao. including the construction of the new malecon. with 3 Years of Grace Period Interest: 5% annually with a 3 years grace period Abstract The beach matter of this project is located at the coast of General Villamil .
5 million) where the middle-to high class people has constructed numerous apartments and villas to spend the vacation time during our rainy season from December to May. they constitute an assured market for this project. Playas. In order to do that the city is generating and offering attracting and recreational activities during the whole year. in the present case the company (name of the company).Engabao is been launched with this project to a national level and international increasing scale.000) and is considered the sea-side resort of Guayaquil (pop. including sports at national. including sport fishing. The project focus to capture the increasing demand of domestic and international tourism. As a beach resort is capturing international visitors and offering each time better environmental conditions. commercial stores. counts with characteristics that over-passed the condition of a resort for weekends. at this moment. Cuenca (Country’s third largest city in Ecuador) and the southern region. hotel and other services tariff. with positive demand for this project. 2. with priority to Guayaquil’s market (2. interregional and international level.0000 inhabitants (during the beach resort season reach to 150. And Well-gained prestige in fishing and nautical activities. increase of international ticketing. Besides. Otherwise. etc) incites and tends domestic tourism. participate. Among its main characteristics as a resort. the possibility and security to managed these aforementioned fundamental aspects in the concession. and Municipality of Playas is the “concession” which also will assure the returns of the investment through the collection of municipal taxes. This beach resort has population of 90. as a consequence of imperative economic conditions in Ecuador and Worldwide (inflation. and now can offer warm and kindly hospitality all the entire year for national and international visitors. etc. Playas already have a social and cultural Identity. and these are: 13 . the decreasing of emissive tourism (moving of national travelers toward interior). Playas .Engabao. Basic infrastructural services. we can mention the following: Strategic national and international geographical location. This has been our proposal to the Municipal Government of Playas which has been also accepted by the authorities of the Municipality. Playas is been projected as a city of permanent residents.Engabao The project is based mostly in the potentiality of the city of Playas . which based in the proximity and virtual lack of similar productive units. Potentiality of the City of Playas .8 million inhabitants). and its community supports.Utilization of municipal lots of land close to the seafront to develop infrastructure works such as parking zones. considered as the closed beach resort to Guayaquil (one hour drive) is working well in generating firs-class services at a high caliber level and quality where the Municipal Government’s authorities working jointly with basic services enterprises whose goals are to provide such services at the most efficient level according to international standard beach resort worldwide. This type of contract give (name of the company). This is due to that the Pacific Rim is also being transforming in the most import commercial route worldwide. collaborate. and offer the best of its attractiveness and resources. The legal tool to frame and regulate between the private investment sector. amusement centers.
These will destine to receptive tourism and in a manner to subside the national tourism. of the planning to establish a Free Zone of Tourist Services that will be in charged to promote and develop the provision of services in tourist activities. Accommodation System Offers and Recreational Sites in Guayas Province (3. The coastal rim of Guayas and Santa Elena provinces has became the main tourism zone of the country during the whole year. This developing is based and having as principal actor the 14 . strictly perform the environmental and conservation standards.This project will be benefit from. Where the interior and exterior infrastructure will accomplish with the designs. The increasing tourism facilities demand is very widely noticed. supported at the same time. by the establishment of micro-firms that boost the economic growth among all existing social classes. etc. 50. third and forth categories. This will also encourage the national and foreign investment. telecommunication. The Free Zone will allow an ample development for facilities and access with the current ones. not only during the beach time on weekends and holidays. as well as. On this vial infrastructure exists a good urban transporting system. regional.5 Million Inhabitants) Guayas Province accounts with 291 hotels resources of which 47 corresponded to real hotels and the rest corresponded to lodging establishments and services. such as: basic services. technical characteristics. in addition to the first-order air and maritime transportation. internet. in a medium term. Social prestige Kindly people Besides. Front the point of view of the economic and competitive activities Salinas also counts with the best infrastructure of Santa Elena Peninsula to lend the corresponding services for commerce and production.2% of hotels are considered of first category and luxury and 49. but during the whole year there are a big number of visitors from different zones of the country and besides foreign visitors with limited numbers due to the lack of hotel infrastructure and recreational center or sites of first categories.8% of establishments belonging to second. etc. Peninsular Tourist Free Zone. The services that will be established in the free zone they will accomplish with the requirements of the regulating tourist organization. national and international vial net.Sun and sea Natural Atmosphere Modern city Restaurants Hotels Aquatic sports. focusing to a sustained and sound development. Those activities to be established are: Travel Agencies of receptive tourism Travel Agencies of national tourism Operator of Recreational Tourism Aquatic Sports Ecotourism Sport Fishing Food and Beverage Establishments Tourism Information Handicrafts and Gifts Accommodation Establishments The project’s benefits and advantages that will be provided under the roof of the Free Zone Law will encourage major efforts of competition and it will generate a high rate of jobs and to boost the skill labor in this zone of Ecuador. and standards determinate to be effective to execute jointly. air transportation. land and maritime transportation. Playas counts with a well-maintained connective inter-county.
yachting. surfing. La Libertad. Manglaralto. areas of skating.Additionally. to known and visiting it to meet with emotions. Ballenita. and walking by beaches and woods. besides there are many Indian archeological centers like Guangala. and putting in practice any initiatives for visitors from sport fishing. The creation of these large clubs will increase the attraction for new thousand of tourism.. sun. peace. In the same zone currently are operating the following tourist attractiveness: “San Vicente” thermal Bath. Salinas (Biggest Developing Beach Resort). This project will count with several complementary services and precise co-projects. we are going to construct a large garden. “Olon” Beaches. “Salango Petrified Forest. in Manabi province. Real Alto. In another area of 12. scuba. biking. All will be organized for the maintenance of seafront itself. all this sites are located right on the beaches are linked together by the highway called Ruta del Sol (Sun Route). who will not have to spend vacations in other countries. our named Costa Azul Zone (Blue Coast) counts with ideal beaches complemented by the beauty of Pacific ocean and the presence of traditionally people where flourished our ancient Indian cultures full identified with Ecuadorian roots.. artificial lakes will be constructed in an area of 2. “Machalilla” National Park (Indian museum). including common citizens. Ancon. there many beach towns around this area offering a wide variety of entertainment to move and change of sites easily and close each other. Chanduy. of restricted use. such as handicraft market. From the geographical point of view. extreme sports. Isla de la Plata (Silver Island).private and free enterprises who’s lately have constructed three new clubs with unique particularity.5 hectares. as well the surging of resorting towns and cities of great urban development. Montañita y Olon. Data de Posorja. 15 . Besides. offers an attractive variety of tourist wealth. Ensenada de Ayangue. this means the development of other services in encircled areas such as the following: Ecuadorian Tropical Garden. but to stay in exotic places near their domiciles in Guayaquil. in the circuit from Salinas to Puerto Lopez. Ayangue. Punta Carnero. The Ecuadorian Costa Azul (Blue Coast Rim) belonging to Santa Elena and Guayas Provinces offers a good number of enchanted and fascinating places that assures rest and rejoice of all kind of visitors. Without doubts this zone represents an enormous tourist potential for our “Blue Coast” province of Guayas. Las Vegas. Data de Villamil. Capaes. tennis. forming a great familiar recreational center. walking. including summing pools with mechanically generated-waves and toboggans. rest rooms. Punta Blanca. dawn and warm sandbank. establishing regulation for the opening of commercial establishments. The called “blue coast”. including the their seeds and our rich native flora seeds and a mini zoo with the native zone fauna. handicrafts. Naming these towns from the southeast: Posorja. Summarizing.” Montaña” Surfing. This seafront will be constructed under a concept of an open big commercial mall. areas of parking. etc. Valdivia. showers and playing sports on beaches. Florida. with the technical advisory and patronage of “Tropical Garden” of Miami.5 hectare. This means an increasing demand of dozens of thousands of potential visitors and potential buyers for the villas of our housing project that definitely assured the repayment or return of capital investment in project like proposed by (name of the company) International Seafront. observation of birds and whales. etc. Chorrera and Valdivia cultures. San Pedro. Facing further north there are: Palmar. and San Pablo.In our project we offer the construction of a vehicular and pedestrian.
16 . The project’s technical team force is under periodically observation of the affected beach in this project and to accomplish these tasks. Knowledge of the wave climate is a prerequisite in most of the studies of the coastal areas. as well as to contribute to the development of this discipline as much as possible. in order to preserve this equilibrium. Advanced measuring in the marine environment and setup of new equipment and systems for coastal monitoring. The Project’s main consideration is the creation of a Center of Studies to aim at developing long term statistical analysis on marine climate (waves and wind). Playas-Engabao’s beaches. includes the seaside resort. needed for the different types of studies. as well as the needed field instrumentation. wave disturbance within the beach and long wave analysis. versatility and quality of results. It is necessary to point out that the sea does not supply solids.Center of Art and Culture. chemical and biological analysis on sediments and water. equipped to undertake the physical. The objective of this Center is to maintain the relative information as up to date as possible in the techniques for wave characterization. Also. refraction-diffraction).. this concept is important because the following reasons: This Playas-Engabao’s project will constitute the future main tourist center of Ecuador. seminars.This type of center will be also constructed where national and international festivals for special series of performances as the well-known in Viña del Mar and Acapulco. whose aim is to progress in the knowledge of the transport processes which lead to beach evolution. The activity of this sector of the Project consists of four basic areas: Coastal dynamics studies. it will have an electronic and instrumentation workshop which. under these conditions and circumstances. the Project’s Task Force Team will have a sea environment quality laboratory. and special care will be kept to preserve the natural status of the beaches by definition are geometric places to equilibrate the earth and ocean. execution time. are going to be patronage and perform. it is necessary to preserve the beach under the best natural conditions. which requires a significant effort in basic and applied research. Complementary and related service to these activities. The Project also will try to keep our country up to date in the techniques used in this field. The Project’s Task Force Team will make extensive use of models of wave transformation in coastal zones (refraction. will provide services to other units of the city of Playas-Engabao. Beach regeneration projects and management techniques. in addition. conventions. the project considers. exhibits. The Project will consider the numerical models of marine hydrodynamics are today worldwide and in certain areas a highly competitive tool in comparison to the physical models from the point of view of cost. such as movies. the seafront and the beach. Monitoring of regeneration projects with topographical and bathymetric measurement campaigns and evolution analysis. under the single concept that the whole city of Playas-Engabao. etc. This is going to be a pioneer work and studies in the protection of its coastline and in the regeneration of beaches. It also applies numerical models of marine hydrodynamics to the studies on beaches and port’ coastal engineering. Coastal Studies The basic goal of the Coastal Studies to be consider in this Project is to support project himself and others one for the defense and protection of beaches. although the infrastructure works to be performed and carry out to develop this project. this activity is an extraordinarily young branch of civil engineering. since it is the main agent in the evolving dynamics of the coast and a key action to be considered in the regeneration in coastal structures and beaches. and it has gained by its natural beauty of the beaches. This is accomplished by a direct collaboration in the design of these projects and the maintenance of the basic information needed.
It also is going to look for software for the calculation of sediment transport along the shore and the evolution of the shore in its plan-shape and profile under wave action. this part of the Project will need to have. into beaches that will be rated or classified ones as “Blue Flag” which is granted by World Organization of Tourism (WOT). (Company name) backed under legal contract by (Constructing company). In the future. good infrastructure. A good part of the activity of the Project will depend on the collection of data in the field. This has been our proposal to the Municipal Government of Playas-Engabao which has been also accepted by the authorities of the Municipality. Besides. not only because they should form a sole concept. This distinction is granted to beaches basis on mainly for “Excellent Quality” of the waters. appropriated services. With 150. To cater for this increase in tourists and housing development in Playas-Engabao. The Economy of Project The tourism movement is of great importance to the local economy. a correct environmental management and control of the natural conditions and fundamentally a sustainable maintenance program of the beach. There is no doubt that the tourism and housing development industries have contributed enormously to the economy of the Republic of Ecuador and to the standard of living of the people. sounding equipment and various field instruments. a Municipal concession contract will be celebrated between the Municipality of Playas-Engabao and the promoting firm of this project. with a global vision considering the following: The control and protection of the beach of the city of Playas-Engabao must be complemented with the protection of the seafront. as well as a workshop for sedimentological analysis.To undertake this work. but fundamentally to constitute the best financial feasibility. and not only a cleaning and recollection of waste system. For this purpose the Center of Studies will have boats. To reinforced and assure this feasibility. the demand of number of hotels and hosing need to shoot up to provide comfort and firs-class 17 . in the present case the company (name of promoting company). This type of contract give (promoting company name). This will allow recuperating an important segment of the credit amortization obtained for the construction of the same. a data bank with aerial photographs of the Ecuadorian coast and of the shoreline position in sandy coasts from 1970 till the present. a special effort is going made within the part to apply Geographical Information Systems concepts and tools in the coastal area. The legal tool to frame regulating between the private investment sector. Tourism together in action with housing development is the major foreign currency earner and major provider of employment. to be collect for the infrastructural civil works to be done by such urban construction development. and Municipality of Playas-Engabao is the “concession” which also will assure the returns of the investment through the collection of municipal taxes.000 Visitors yearly and with earnings of around $3 million. but a hygienic and oxygenation process of dunes. based in on tax services. which such projection that goes further: To convert PlayasEngabao’ beaches. The Municipal Government of Playas-Engabao’s authorities leading by its Major is agreed and engaged in developing jointly with (Promoting Company name) this project of control and protection of the beaches and the construction of the new malecon. the possibility and security to managed these aforementioned fundamental aspect in the concession. among other tools. has proposed to the Municipality of Playas-Engabao to provide all the technical support and environmental impact study of this project that allow the protection and natural conservation of the affected virgin beach considered in this project.
new construction of villas. the government is encouraging the development of inland tourism and eco-tourism. each with their own vehicle. The vehicles are comfortable carry 8-14 domestic visitors and 50 for international tourists. visiting the local museums.800 hectares (18 Millions square meters).Engabao covering 1. Mr.Data because the main attraction for tourists in Playas . the center of the resort. The various natives of the communities have been involved in consultation and discussion about the type of housing construction development and involvement that they want. there is an increased demand by the public for more public beaches and better amenities on site and. The majority of hotels and hosing development have been built on the coast of Playas . with involvement of the participating communities. All the participants are receiving guidance and training. How to Develop the Product : The native communities participating in the tour have identified the features of the environment and their culture. The further development of tourism will require on behalf of government new policies that can reconcile the legitimate demands of the population for more leisure amenities and that of the tourism and housing construction development industries. and banking circles. (name of president) is its president and CEO who accounts with a vast experience in the construction field. Some dance performances are being developed for tourists. Promoting Company. As the number of arrivals of tourists and new inhabitants are expected to increase steadily over the next few years there is considerable pressure from property developers to obtain permission from government for the construction of more hotels and housing development around the coastline. A separate commercial organization is being established to operate the tour for selling the villas. social. though much of this is on-the-job. and account with the fact that the most beautiful and scenic beaches are to be found around at those locations.A. The Sales tour will be originally planned as a 18 . that they want to present to tourists. The idea is to encourage tourists to visit the interior of the Playas-Engabao beaches and its sites. In view of the fact that due to an increase in numbers of visitors and the floating population. and accommodation) has been carefully planned . In that perspective. Housing Construction Development: The company is willing and ready start preparing the movement of lands and soils covering 18 Millions square meters and at the same time planning sales packages for the villas that it including sales tours in Playas-Engabao beaches and it is being trialed for a further year before being commercially marketed. The project’s promoting company is owned mostly by (names of partners) who are well-known among local commercial. have been contracted for the tours.accommodations and medium-class income villas to supply the current demand period. much of this participation is supported by the project’s promoting company’s payments. Infrastructure needed along the way (toilets. Some key native people with experience In the sales industry have been involved from the start in providing advice and training others. of course. Two different drivers. In our case. . Etanolsa S. water supply.Engabao is the sea and its beaches. This obviously conflicts with the demand from property developers for more sea frontage. the project account with its own housing development and territory. given the remoteness of the communities from our own training force team. and the individuals who are best able to act as guides. Initially. more and more people spend time at the seaside on weekends and holidays. The Housing Development and its complementary constructing development is located along and in front of the beach of Playas.
and therefore the promoting construction company has good links with the mainstream tourist industry and potential buyers to become inhabitants of the covered area for this project. Networking : Travel Agencies based mainly in Guayaquil. mining companies. it is expected that in time more of the accommodation will be provided by the individual communities.000 or 9 stages. There will be good attraction and success in attracting corporate sponsorship for some components of the infrastructure being provided for the sales tour.000 villas totaling US$50 Million per each one. Municipality of Playas-Engabao’s Concession on the use and services of the Beach and its Seafront during 25 years. Additionally. Financial Scenario of Project. different labor associations and others). until reaching the total construction of the 45. It is possible that other tours may be developed with different communities. The construction of the 45. 19 . Individual community groups are seen as being free to pursue their own tourism operations on a day-to-day basis and in conjunction with other (mainstream) tour operators. US$10 Millions for the preparation of land and soils. Future Prospects : The development of housing construction is seen as only one component of each community's tourism involvement. However. the Royalty. Distribution of Loan: US$10 Million for the Construction of the Playas-Engabao’s Seafront. Problems that have been encountered : The main problem has been in securing funding support over the length of time that it has taken to develop the tour. Marketing : The Sales tour for the villas is seen as appealing to the international market.000 villas will be made by stages of 5. big corporations.single five day event starting in Playas to Engabao and returning to Playas. as well as to educational markets in Ecuador (including universities. in due course. will coordinates the sales tours and act as affiliated company works in co-operation with the Ecuadorian Tourism Association. starting at Playas. There is a great deal of industry support for the development of native tourism in the Playas-Engabao region. It was necessary to proceed at a pace which suited the communities involved. Some markets may prefer the shorter 3 day tours rather than the full five day tour. We are enthusiastic in marketing the tours with the funds available in the international private sector which is the main aim of this project.Total Loan Amount: US$460 Million Dollars Term: 25 years. will include use of mainstream accommodation and restaurant facilities along the route. with 3 years of grace period Guarantee: The Project’s Promoting company put as collateral the property covering 18 Millions of square meters appraised at US$20 dollars before the added cost of investment totaling US$180 Millions dollars. with a maximum of 50 kilometers being traveled each day. The Sales tour. and to ensure that everything was fully tested before marketing it. However. Other community groups are expressing interest and wanting to become participants in the sales tour. with 3 years of Grace Period Interest: 5% Annually. there is a practical limit on manageable numbers. as they gain skills and confidence.
com.(593 4)2523616. tel.Prepared by Wellington G. Ecuador. Gallardo. Ciudadela. Guayaquil. Manzana 29. e-mail: finangallardo@hotmail. Villa 4. 20 . Los Esteros.
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