Hard Rock, Melco hook CRT Catalonia project with USD 5.5M deposit

“The meeting was very encouraging and has paved the way for future positive developments in the region. In that regard, the representatives from both companies, Mr. Frank Tsui (Melco) and Mr. Nelson Parker (HRI), expressed their high hopes the Recreation and Tourist Centre of Villa-seca and Salou will become a reality,” a statement exlusively issued to Yogonet said.

According to the information disclosed to Yogonet, Hard Rock and Melco agreed to a request by the government of Catalonia to make a 5 million Euros deposit (2.5 million each) as evidence of the companies' “commitment to the CRT project.”

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Since the approval last month of the new Master Zoning Plan by the Generalitat of Catalonia, we believe this great project is finally going down the right path, the statement added

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"It was an important milestone that has brought us closer than ever to the public tendering process. As pre-approved companies, we look forward to be able to submit our joint proposal to develop a unique, world-class leisure and entertainment center in Tarragona that will bring thousands of new jobs, significant foreign direct investment and millions of euros in new revenues to Catalonia.”