New EUR 7.5 mln gondola lift for Romania's Sinaia mountain resort

The Sinaia City Hall will invest EUR 7.5 million for a new gondola lift, part of a broader investment campaign in the resort. It will have the new gondola ready by the beginning of the ski season in December this year. Funding will come from a bank loan, reports local wall-street.ro. The resort will also invest EUR 20,000 in a 9-month communication campaign this year to promote tourist attractions. The campaign includes participation in the international tourism fairs in London and Berlin. About EUR 35 million has flown into the resort since 2007, for several investments such as a gondola lift, a chairlift, snow clearing machines or cottages. Sinaia benefits from EUR 50 million EU funds. About 150,000 tourists, 30% of whom are foreigners, come to Sinaia every year. editor@romania-insider.com