Construction of a new casino and hotel resort in Ciudad del Este has been reported as likely to start as early as mid-March.
The call for tender for the construction of a large scale casino and hotel in the city of Ciudad del Este could launch as early as this month.
Javier Balbuena, the president of Paraguayan regulator Conajzar, announced that once an inter-institutional commission approves the draft of the specifications and conditions for the tender, the process will likely go ahead around mid-March.
In November last year the president of Paraguay, Horacio Cartes, authorised the development of a tourism project on an 11-hectare estate currently occupied by the Paraguay’s National Administration of Navigation and Ports (ANNP).
The site sits at the head of the Friendship Bridge (Puente de la Amistad), an arch bridge connecting Ciudad del Este to the Brazilian city of Foz do Iguaçu. A number of companies are believed to be interested in the casino licence including Hard Rock International alongside other operators from the United States and Chile.
While a tender process was not originally envisaged it is still positive news for the proposed Hard Rock Hotel and Casino as it is likely that the government will ultimately give the green light to the company which has been lobbying for the licence since 2014.
Hard Rock has suggested it would be willing to invest as much as US$70m in building a hotel and casino in Paraguay’s second largest city.
The news comes after it was announced that the Director of the National Customs Service of Paraguay Nelson Valiente had ordered the transfer of the ANNP and the Customs Office from their current premises to make way for the casino.