The viability of the project to redevelop Palma's port that was presented to Balearic president José Ramón Bauzá earlier this week has been questioned. The project, which would require an investment of almost 2,000 million euros and which, so it is claimed, would generate 50,000 jobs is the brainchild of Ronald Ras, a Dutch developer. In addition to the local Chamber of Commerce questioning the plan's viability, "El Mundo" today reveals the fact that a Ras company is the developer of properties near to Santa Ponsa golf course of which fewer than ten (of 48) have been sold and that most of the properties are unbuilt and abandoned. In addition, there is a development in Murcia which is far from complete. It is said that an American oil company will be pumping money into various projects.
See more: El Mundo
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