La Balise Marina project started

The first residential units of La Balise Marina project, which is the first Integrated Resort Scheme (IRS) marina development project in Mauritius, will be delivered during the second semester of 2012.

The project, developed by ENL Property, is estimated at Rs 4.7 billion. The major shareholders, including ENL Limited, Investec Bank (Mauritius) Ltd, and MCB Equity Fund, have so far invested Rs 450 million to finance the construction work.

The project comprise of 113 villas, duplexes, apartments and waterfront bungalows as well as a commercial space with restaurants and shops, a wellness centre and sports facilities.

Infrastructure work started in November 2009 and the construction of the residential units began in February this year.

La Balise Marina is a real estate development project built on a marina at the Grande Rivière Noire estuary, which covers a 13-hectare area. Rigorous environmental studies have been conducted to guide the design and progress of the project.

The environmental monitoring plan, submitted to the competent authorities and recently endorsed by them, includes all the measures necessary to preserve the environment of the site and its surroundings and will be scrupulously respected.

A monitoring committee was set up by the ministry of Environment and Sustainable Development to ensure that the implementation of large projects such as La Balise Marina is conducted according to regulations stipulated in the various operating permit, including the Environment Impact Assessment (EIA).

An opinion poll conducted by TNS Analysis in March to collect the feedback of the inhabitants concerning La Balise Marina project.

The study confirms that the project is well perceived by the inhabitants of Grande Rivière Noire.