Proyecto Con Membrete

7/29/2019 Proyecto Con Membrete

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NAME OF PROJECT: Urbanization Brisas del Mar in the best second

weather in the world, 2013

AMOUNT TO BE LOANED: US$ 250 million American Dollars.

PURPOSE: To Construct 10,000 family housing units for low-to-medium

income people, in stages of 1,000 house each. Contracts with local

Municipals demand will be celebrated between the parties, namely: the

projects promoters, the constructing firm (s), and the owner (s) of land under a

fiduciary trust.

INTEREST: US$38 Million Dollars, fixed, simple and direct interest to be paid

in a monthly basis during 20 years, including in the US$120,00 payment of

each and all bonds, corresponding to the issue of 2,400,000 bonds to back up

the international financing to be paid by 10,000 beneficiaries of each family

housing units.

TERM: 20 years with a 2-years grace period.

GUARANTEE: Minimum 260 hectares of land dully appraised by the

corresponding Municipal Cadaster and re-collaterized by an international

institution. The Fiduciary Trust, named Fiduciaria de Administracin de Bienes

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511,cel. 593-9-89502692, email. [email protected]


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Etanolsa, Guayaquil, Ecuador, with an autonomous capital that will account

with a pool of 10,000 mortgage deeds of US$250 Million American Dollars,

and in addition a portfolio of 2,400,000 bonds with a face value of US$120,00

American Dollars, totaling US$288 Million American Dollars to be paid monthlyby each and all beneficiaries of the 10,000 housing units during a 20-years

term.

ENTREPRENEURS: Group of Constructing firms and landlords covering

minimum 260 hectares of lands where the urbanization construction project is

going to be develop with 10,000 family housing units for limited financialresources people, in stages of 1,000 units, are going to be undertake it by

leading Construction firms in Ecuador.

PROJECT ORIGIN: Ecuadorian is suffering a 2.6 million deficit of houses which anincreasing growth of 50,000 houses a year. The main projects purpose is focus to cover

only the increasing growth per year, applying friendly policies and the use of newinternational sources of capital with appropriate long-term credit scenario to let the low-income people to adjust a reasonable and comfortable monthly payment and to obtain thegovernment construction bond of US$6,000 per each of the 10,000 housing units, totalingUS$60,000,000. All Government bonds are cash-backed.

DESCRIPTION OF PROJECT: Several leading constructing company in Ecuador, dulyapproved by the Ministry of Housing of Ecuador, are undertaking the challenger to constructlow-income peoples houses, including important construction companies based with along-experience in the construction business, like major works in Guayaquil suchcommercial malls,Guayas Bay shore, shopping centers, supermarket buildings, churches,

multi-family houses,individual houses, etc.; and the accumulation of sound equity on paid-incapital, constructionmachinery and labor force, and good relations with political and bankingcircle in Ecuador. The project consists in developing 10,000 family housing unitsinto a rapid and historic transformation of human social roots in Ecuador, wherebypredominantly rural cultureis being rapidly replaced by predominantly urban culture owingto loss or degradation of farmland and pastureland due to development, pollution, landgrabs, or conflict, the attraction and anonymity of hedonistic pleasures of urban areas,proximity and ease of mass transport, as well as the opportunity to assertindividualism.This urbanization project is going tocomplete the change from rural to urban style in terms of industry structure, employment,living environment and social security; and the efforts to reduce time and expense incommuting, transportation and improve opportunities for jobs, education, andtransportation. Living in this urbanization Brisas del Mar will permit the advantages of the

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opportunities of proximity, diversity, and marketplace competition. Where money, servicesand wealth are going to be centralized, and their inhabitant will have the chance to look fornew jobs and exchange capital specially in trade or tourism.The urbanization Brisas del Mar with its unique geographic and strategic position is anideal place for elderly individuals where there are doctors and hospitals that can cater fortheir health needs. In addition, varied and high quality educational opportunities are anotherfactor in this urbanization project, as well as the opportunity to join, develop, and seek outsocial communities

FINANCING PLAN: the total cost of construction per house, including land andinfrastructure works is US$25,000 American Dollars, totaling US$250 Million AmericanDollars for the sales of 10,000 houses. The opportunity cost on raw materials, such assteel, iron and cement are guaranteed by future purchasing contracts with the localcementplant and steel mill under excellent price policy to be covered by sureness of the bigsalesamounts required in the project, in such way, these providers will act as covered

partnership in this construction project. In addition, the low-cost labor force and differentlands provided by the local landlords, and the huge deficit of houses, assures to undertakethis project into a success. The landlords will transfer the property dominion into a fiduciarycontract which also will receive the corresponding transferring funds for the purchasing oftheir lands.Other significant factor that influences strongly in the success in this project is the currentGovernments enthusiasm in the solution of low-income people deficit houses, bycompromisinga subsidiary payment called a construction bond of US$6,000 Dollars to finishto construct a house, for low-income-people, that means a pre-payment of 50 months at arate of US$120,00 per each month for each final beneficiary of 10,000 houses. TotalingUS$60 Million Dollars for 10,000 families of low-income in the Republic of Ecuador.

Financing Scenario:Total Sale Cost per each housing unit: US$25,000 DollarsTerm: 20 years, with 2 of grace periodMonthly Payment: US$120,00, including the proportion of the direct-fixed interestDown Payment: US$150,00 American Dollars

OTHERS PROJECTS OBJECTIVES.-Besides, the current projects objective is focused in contributing to develop a real housingmarket in Ecuador, to help to overcome the economic standstill that Ecuador is facing atthis moment. Housing construction is one of sectors that generate more direct and indirect

JOBS in a short term. We see the housing construction as a real estate industry, usingfresh funds resources on long term and with financing tools that eliminate some taxes orencumbrances. Housing construction improve the family welfare and generate massivelabor and employment in the less possible time frame.The housing construction represents for the Ecuadorian economy , in the current project, asthe best distributed investment, because it goes and reach the biggest number of familieshelping to improve peoples purchasing capacity, constituting a long term saving, replacingthe classic monthly rent cannon which at the end it does not produce any result; in ourproject the Ecuadorian family is paying its own house and in this manner the money orfunds used are distributed in a vast number of providers from all over the economic sectors.The majority of the material and products employed in the construction field aredomestically made and It is important to keep in mind that $0.35 cents of a dollar investedin the construction, it goes to informal labor of our economy.



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This project will benefit around 50,000 people that belong to the middle cast and below, thismeans an average of 5 people per house. They normally could not undertake this projectindividually, because they have not available the necessary tools or financial instruments orbanking resources to execute this important project. Thus the urgency to link all the factorsto undertake the construction of houses, such as the subsidy or construction bond grantedby the Ecuadorian government. The BIES-Banco del Seguro Social or Banco Ecuatorianode la Vivienda, both Government Banks are potential discounter of the pool ofmortgages/Mini-bonds portfolio for the 10,000 houses to be constructed, of course, atconvenient and mutual discount between the parties.

A.- LANDLORDS AND CONSTRUCTORS.-The landlords owners of the most appropriate and characteristics lands for developing thisproject, under the best construction costs and basic infrastructure parameters. Thisincorporation avoid that the landlord sells his land at a lower price, instead they are able tosell it at the best opportunity price being part of this project which will sell constructed

houses with all basic infrastructure. The repayments for the lands will be administrated by aqualified trustee that is familiarized and counts also with a good infrastructure to manage aswell the funds placed by an international financing firm as the funds generated from thesales of constructed houses.The constructing firms will provide with houses designing drawing and the municipalitiespermits and authorizations, including their construction systems. Besides, the constructingfirms will conduct the ground topography, soil studies, the feasibility studies on constructioncosts; including housing finishing, sewer, drainage, electric and telephonic network, andwater pipeline installations. The constructing firms will also provide for the trustsautonomous capital with a descriptive report and technical specifications, complete workbudget, including retaining of taxes. The constructor also will elaborate the evaluation

schedule of works and the disbursement chart of investment.The constructor will work jointly with the local municipality, Banco de la Vivienda delEcuador, Ministerio de la Vivienda, and BIES (Social Security Bank for Housingconstruction) in the houses sales as promoters to assure the construction feasibility andprojects commercialization to reach the sales equilibrium point, which will be guarantee bya prime banks stating the following:

.- Construction starting date fixed by the promoter.

.- The assurance to count with funds and necessary financing instruments to finish the allconstruction works..- Ending date for all works.

.- The assurance that the funds of the international financing will be conducted exclusivelyto undertake this project..- To demonstrate that the project has technical, financial and legal suitability to beaccomplished..- Sales schedule with appropriate customers or final beneficiaries, who assure with theirowned resources, including other source of resources and financing instruments..- To involve each potential purchaser or final beneficiary to accomplish the conditioningfulfillment to overcome this project.

The constructing companies and sales promoters will integrate part of the Trust that willadministrate the funds for all housing construction operations and sales of the housesrespectively, in every stage of this project. The projects trustee will administrate all bankingfinancial operations.



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B. - PROPER TECNOLOGY. For developing this housing construction project it is necessary to apply an excellentconstruction technology that provides the following characteristics:1.- The best construction costs by employing high structural capacity materials.2.- High resistance / weight rate to absorb seismic movements.3.- Fast construction system with a minimum of supervision.4.- Long-useful-life materials employed for the houses construction.5.- Modular flexibility to allow adjusting extensional construction works.6.- Solid and minimum wall weight.7.- Excellent thermal resistance to save energy and environmental control for coldness andhotness.8.- Facility to hide electric and sewer installations.

The technology must be protected under a construction patent duly accredited by

professional schools in Ecuador, issuing a patent certificate for this project. The use of thispatent constitute an additional guarantee for the granting the line of credit by theinternational investor, based on the log lasting life of the houses which will not suffer anykind of damages or problems during the credit term, as much as for the for the insurancepolicy that covers this negotiation.

C.- FINANCING .-The financing will be carried out by the conversion of this project and its promoters into aPreferred Client under a Real State Trust, named Fiducia de Administracin de BienesEtanolsa, which will include the following parties: The landlord, the constructor, guarantor,and the trustee which is the Funds Administrator (IFI) for the construction and the funds

generated by the project, under a financing scenario that allows the proper development ofthis project in stages of a 1,000 houses, under the following requirements:

1.- A reasonable economic down payment equivalent to US$120. 00 to finance the primaryexpenses costs of the total loan amount to be financed per house.2.- Reasonable monthly payment, including the financing of the construction of the basicservices such as potable water, sewer, telephone and electricity networks, etc. this meansaround 30% of the final construction cost per each house.3.- 0.72% monthly interest fixed during the loan financing term (20 years).4.- The basic repayment term per house is 20 years.5.- Insurance policy against fire, disaster and disablement.

6.- 0,50 % payment for the Funds Administrator to look for financing and be the PortfolioManager.7.- Banking guarantee to back 60 monthly payments averaging $120.00 per each house.Once finishing the first 60 payments, the banking guarantee will roll automatically for thesecond 60 monthly obligations. The total monthly payments will totalize 100% of thehouses cost value. The International Financing Investors will place all necessary funds,after reaching its equilibrium point, which is covered by the a two-monthly bankingguarantee to initiate right away the execution of the project, first of all the model houses, sothe interested people can have a real vision of their future selected home from them. Thefinancing company will provide all the necessary funds to develop this project through itsdifferent 1,000 housing construction in 10 stages. The international funding will transfer a20 million American Dollars every 2-months during 24 months with a sub-total of US$240



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million American Dollars and a final banking transfer of US$10 Million Dollars in the 26 th.month to finalize the total international financing of US$250 Million American Dollars

D.- SUBSIDY FROM THE STATE.-The Ecuadorian Central Government will issue through the MIDUVI-Ministry of EcuadorianHousing, the respective subsidy bonds applying the housing construction for low-incomepeople, without increasing the states external debt, and letting in this way 100% financingof the popular low-income peoples family houses construction. This bond issue by MIDUVI-Ministry of Housing Development currently at a face value of US$6,000,00 per house.Finally, the Fiducia de Administracin de Bienes Etanolsa will join the four factorsaforementioned, and appoint a trustee as administrator, including the Portfolio Manager toaccomplish successfully with this project.

2.3.- PROJECTS RISK IN BORROWING MONEY.The projects risk are duly limited and controlled for the following reasons: 100% of the

houses total cost is backed by world class Performance Bonds, issue by the internationalcollateral provider and Government Construction Bonds with a face value of $6,000.00which is equivalent to 60 monthly payment to be place into a financial credit platform toobtain a rolling bank guarantee of $60 Million Dollars for all 10,000 houses to beconstructed in the complete urbanization project.

TOTAL CONSTRUCTION HOUSE PRICE PER UNITS: US$25,000.00 DOLLARSA.- US$150.00 down payment to cover only the initial financing costsB.- US$6,00.00 governments subsidy construction bond.C.- US$19,850.00 plus 0.72% monthly interest that represents a US$120,00 to be paidmonthly during the next 20 years.

.- STEPS TO BE TAKEN FOR DEVELOPING THIS PROJECT.

.- PROGRAM STARTING.-Once the Real Estate Trust named Fiducia de Administracion de Bienes Etanolsa is dullyestablished, then the point of equilibrium will be reach by the issuing of the rolling bankguarantee or similar financing instruments averaging US$20 Million American Dollars to beissued by the international collateral provider prior the payment with the corresponding1.25% fee or US$250,000 American Dollars paid by the Construction Firm (s) to re-collaterized each disbursement of fund banking transfer, thus the executing of theconstruction works will start right away according the constructing firms schedule. Totalannual payment per 10,000 housing units averages US$14,400,000 at a rate of US$1,440

per year and per house, and total payment during the term of twenty years is US$288Million Dollars for the total of 10,000 housing units.

.- BENEFICIARYS SELECTIONThe projects administration, the trust named Fiducia de Administracin de BienesEtanolsa will undertake the selection of potential beneficiaries using among mainly nationalcooperatives partners employees, Banco de la Vivienda del Ecuador (Ecuadorian HousingBank) customers database, Ministry of Housing of Ecuadors database, BIESS- SocialSecurity Bank for Housing Constructions customer database, and general commercialbanking systems customers database that means by at least 20,000 pre-classified families,plus 5,000 new families to be called by the local media to fulfill all requirementsaforementioned and then implementing a record to become part of this project whose



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objective is to provide a complete finished house per each and all 10,000 low-income-people in Ecuador.

.- DEBT ADMINISTRATION.-The projects trustee, an agency bank, according to Ecuadorian Law of Market Values , willbe in charge of collecting all the funds generated by subsidy construction bonds,beneficiaries down payments, rolling bank international guarantee, and finally monthlyamortization monthly payments of all 2.4 million Mini- Bonds with a face value ofUS$120,00 American Dollars to be paid on a monthly basis during 20 years and to becollected through the Ecuadorian Banking System. The Trustee also will be responsible forsemiannually or annual payments to international lenders, according to the chart ofpayment including in this project. All legal and financial documents as well of monies orfunds to be collected from all payments of the sales of 10,000 family housing units will beplaced in a prime bank into separated accounts until the complete fulfillment of all projectsobligations on favor of the international lender by part of the financial beneficiaries or future

house owners..

.- FINANCIAL SCENARIO.-

.- The fixed annual interest: US$0.72% per month

.- Total amount to be loaned: $25,000.00

.- Down Payment: $150.00Subsidy Government Bond: $6,000.00 (equivalent to 50 monthly payments per house).- Total Balance to be paid: US$19,850.00.- Trustee administration fees, including Portfolio Manager: 0.1% per projects registration.

.- FINANCING PROJECTS COST.-

Total amount to be financed per house: $25,000 Dollars, include 60 square meters ofconstruction, 200 square meters lot of land, and also including the infrastructure works forthe complete project.Total Loan to be financed per house: $25,000.00Trustees administration fee 0.1%: $250.00*International Lending Interest: 1% annually, 0.72% per month

.- HOUSING SALES COSTS.-

7.1.- COST PER SQUARE METER OF LAND PER EACH HOUSE.

Per meter 200 sq. meter TOTAL COST 10,000 HOUSES

US$10.00 US$2,000.00 US$2,000.00 US$20,000,000

7.2.- COST PER CONSTRUCTION METER.

Per Meter 60 sq. meters Total Cost 10,000 Houses

US$300.00 US$18,000.00 US$18,000.00 US$180,000,000

7.3.- CONSTRUCTIN COST AND LAND COST.-



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Land Construction Total Cost 10,000 Houses

US$2,000.00 US$18,000 US$20,000.00 200,000,000

TOTAL 10,000 HOUSES

Land Construction TOTALUS$20,000,000.00

US$180,000,000.00

US$200,000,000.00

7.4.- COST OF URBANIZATION.-The cost to urbanize the land selected per each stage of construction, including cost ofvehicular and pedestrian streets, sewers, electric lighting and telephonic lines, ecologicalparks, etc. equivalent to 30% of the total housing construction cost of $23,000.00 per eachhouse, that means $6,000.00 dollars, considered in the following chart:

Cost per house US$25,000.00

Land Cost US$2,000.00

Construction Cost US$18,00.00

20% Urbanization US$5,000.00

Total Cost per 10,000Units

US$250,000.00

.- Financing Repayment Program: each and all 10,000 family housing units will be paidon a monthly basis. The final beneficiary of each house will pay the corresponding facevalue of each of the 240 Mini-Bonds to be paid by the beneficiary per each house at acommercial bank of the Ecuadorian Banking System. The total series of the Mini-Bondsissued are 2.4 Million bonds, with a US$0.72% interest each to be paid on monthly basis.The corresponding digits are shown in the chart below:

Monthly payments of the Mini-Bonds, including the fixed-direct-interestNo. ofBonds

US$120.00 Value

Per OneHouse

240 US$28,800

10,000Houses

2,400,000 US$288,000,000

12.- DESCRIPTION OF THE URBANITATION

12.A.- LOCATION12.D.- LAND TRANSPORTATION.-



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The lands are located to the north of General Villamil-Playas city, crossing the road namedPlayas-Engabao highway. This facilities the urban passenger public transportation as wellas the direct private driving transportation to these sites. It only takes 10 minutes by urbanpublic and spacious bus terminal will be constructed to facilitate all the services related withurban public transportation. Besides, the project includes enough and ad equated parkingplaces transportation per each housing units.

12.E.- LOCAL STREETS.-The urbanization will include the construction system of paved 8 meters-width streets thatwill cover the whole urbanization to allow the free driven-transportation for urban public aswell as for domestic personal private transportation that allows a everyone to park into theirown garage inside their homes.

12.F.- FUNDAMENTALS OF THE DESIGN.-To take the best advantage of the land topography, urbanization project has been

designed, to construct at the front part of each housing unit a garage or parking place pereach unit. Besides, the 20% of green areas that the Municipality demands by law or enforceper urbanization to be constructed. Additional swimming pools for kids will also to beconstructed for the security of all families that will be the corresponding beneficiary pereach housing unit.

12.G.- CHART OF USES OF SOIL.-

TOTAL AREA FOR CONSTRUCTING HOUSES: 2,600,000 square meters

GREEN AREAS 20%: 720,000 square meters

HOUSING AREA TO BE SOLD: 1,880,000 square meters

13. I.- DENSITY.-In our project we are promoting a Housing Construction Using Simple Technology: "Low-Cost Housing" for short We were able to offer construction at prices up to 50 percent lowerthan the going rate."The large-scale contract from the city of Playas-Engabao housing project was incorporatedinto the project, which is being implemented by a Low-Cost Housing project advises themunicipal administration on planning and implementing low-cost housing programs, trainsand up-grades local human resources, and promotes small- and medium-sized constructioncompanies. Offering know-how and services in international markets on a commercialbasis, is responsible for the technical and financial execution of the construction project inthe city of Playas-Engabao Housing Project. The main goal is to take action to reduce thedesperate need for housing, to improve construction quality and at the same time to createjobs."Low-cost housing technology means a no-expensive, good quality and durableconstruction,"explains Eng. ___________________________, technical advisor to theproject. "The future residents must become owners and pay 10 percent of the constructioncosts." The remaining balance is being financed through 20-year construction loans. TheTrustee named Fiduciaria del Banco del Pichincha as the projects administrator will be

providing all necessary funds for the complete construction of 10.000 family housing units,in stage of 1,000 each, including maintaining expenses to be also pre-financing. "By doing



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this, we want to support a sense of ownership and responsibility among the residents alsofor repairs, maintenance and looking after the various facilities".The technical cooperation enterprise for this major housing project is widely requested tothe international private market for sustainable development with worldwide operations. Weare looking for the provision of viable, forward-looking solutions for political, economic,ecological and social development in a globalized world.

Potentiality of the City of Playas - EngabaoThe project is based mostly in the potentiality of the city of Playas - Engabao. This beachresort has population of 90,0000 inhabitants (during the beach resort season reach to150,000) and is considered the sea-side resort of Guayaquil (pop. 2.5 million) where themiddle-to high class people has constructed numerous apartments and villas to spend thevacation time during our rainy season from December to May. Besides, Playas is beenprojected as a city of permanent residents, at this moment, counts with characteristics thatover-passed the condition of a resort for weekends, and now can offer warm and kindly

hospitality all the entire year for national and international visitors. Among its maincharacteristics as a resort, we can mention the following:

Strategic national and international geographical location.

Basic infrastructural services and Well-gained prestige in fishing and nautical activities,including sport fishing.

Playas - Engabao is been launched with this project to a national level and internationalincreasing scale. This is due to that the Pacific Rim is also being transforming in the mostimport commercial route worldwide. As a beach resort is capturing international visitors and

offering each time better environmental conditions. In order to do that the city is generatingand offering attracting and recreational activities during the whole year, including sports atnational, interregional land international level.Playas, considered as the closed beach resort to Guayaquil (one hour drive) is working wellin generating firs-class services at a high caliber level and quality where the MunicipalGovernments authorities working jointly with basic services enterprises whose goals are toprovide such services at the most efficient level according to international standard beachresort worldwide.The project focus to capture the increasing demand of domestic and international tourism,with priority to Guayaquils market (2.8 million inhabitants), Cuenca (Countrys third largestcity in Ecuador) and the southern region, which based in the proximity and virtual lack of

similar productive units, they constitute an assured market for this project. Otherwise, thedecreasing of emissive tourism (moving of national travelers toward interior), as aconsequence of imperative economic conditions in Ecuador and Worldwide (inflation,increaseof international ticketing, hotel and other services tariff, etc.) Incites and tends domestictourism, with positive demand for this project. Playas already have a social and culturalIdentity; and its community supports, participate, collaborate, and offer the best of itsattractiveness and resources, and these are:

Sun and sea Natural Atmosphere, Modern city, Social prestige, Kindly people,Restaurants Hotels Aquatic sports, etc.



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Besides, Playas counts with a well-maintained connective inter-county, regional, nationaland international vial net. On this vial infrastructure exists a good urban transportingsystem, in addition to the first-order air and maritime transportation.Front the point of view of the economic and competitive activities General Villamil Playascanton also counts with good basic service infrastructure to lend the corresponding servicesfor commerce and production, supported at the same time, by the establishment of micro-firms that boost the economic growth among all existing social classes.

Peninsular Tourist Free Zone.-This project will be benefit from, in a medium term, of the planning to establish a Free Zoneof Tourist Services that will be in charged to promote and develop the provision of servicesin tourist activities. These will destine to receptive tourism and in a manner to subside thenational tourism. The Free Zone will allow an ample development for facilities and accesswith the current ones, such as: basic services, air transportation, land and maritimetransportation, telecommunication, internet, etc. Where the interior and exterior

infrastructure will accomplish with the designs, technical characteristics, and standardsdeterminate to be effective to execute jointly, as well as, strictly perform the environmentaland conservation standards.The services will be established in the free zone that will accomplish with the requirementsof the regulating tourist organization. Those activities to be established are:

Travel Agencies of receptive tourism, Travel Agencies of national tourism, Operatorof Recreational Tourism Aquatic Sports, Ecotourism Sport Fishing, Food andBeverage Establishments, Tourism Information of Handicrafts and Gifts,Accommodation Establishments, etc.The projects benefits and advantages that will be provided under the roof of the Free Zone

Law will encourage major efforts of competition and it will generate a high rate of jobs andto boost the skill labor in this zone of Ecuador. This will also encourage the national andforeign investment, focusing to a sustained and sound development.Accommodation System Offers and Recreational Sites in Guayas Province (3.5 MillionInhabitants)Guayas Province accounts with more than 300 hotels resources of which 47 correspondedto real hotels and the rest corresponded to lodging establishments and services. 50.2% ofhotels are considered of first category and luxury and 49.8% of establishments belonging tosecond, third and forth categories.The increasing tourism facilities demand is very widely noticed, not only during the beachtime on weekends and holidays, but during the whole year there are a big number of

visitors from different zones of the country and besides foreign visitors with limited numbersdue to the lack of hotel infrastructure and recreational center or sites of first categories.The coastal rim of Guayas and Santa Elena provinces has become the main tourism zoneof the country during the whole year. This developing is based and having as principal actorthe private and free enterprises whos lately have constructed three new clubs with uniqueparticularity.The creation of these large clubs will increase the attraction for new thousands of tourism,including common citizens, who will not have to spend vacations in other countries, but tostaying exotic places near their domiciles in Guayaquil.In the same zone currently are operating the following tourist attractiveness: San VicenteThermal Bath, Salango Petrified Forest, Machalilla National Park (Indian museum), Islade la Plata (Silver Island), Ensenada de Ayangue, Olon Beaches, Montaita Surfing,



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besides there are many Indian archeological centers like Guangala, Real Alto, Las Vegas,Chorrera and Valdivia Indian cultures.Summarizing, our named Costa Azul Zone (Blue Coast) counts with ideal beachescomplemented by the beauty of Pacific ocean and the presence of traditionally peoplewhere flourished our ancient Indian cultures full identified with Ecuadorian roots, as well thesurging of resorting towns and cities of great urban development. The Ecuadorian CostaAzul (Blue Coast Rim) belonging to Santa Elena and Guayas Provinces offers a goodnumber of enchanted and fascinating places that assures rest and rejoice of all kind ofvisitors.From the geographical point of view, there many beach towns around this area offering awide variety of entertainment to move and change of sites easily and close each other, andputting in practice any initiatives for visitors from sport fishing, surfing, yachting, tennis,scuba, etc.Naming these towns from the southeast: Posorja, Data de Posorja, Data de Villamil,Chanduy, Ancon, Punta Carnero, Salinas (Biggest Developing Beach Resort), La Libertad,

Ballenita, Punta Blanca, Capaes, and San Pablo.Facing further north there are: Palmar, Ayangue, San Pedro, Valdivia, Manglaralto,Montaita and Olon, all this sites are located right on the beaches are linked together by thehighway called Ruta del Sol (Sun Route) and Rute of the Spondylus. The called bluecoast, in circuit from Salinas to Puerto Lopez, in Manabi province, offers an attractivevariety of tourist wealth, to known and visiting it to meet with emotions, peace, sun,handicrafts, and walking by beaches and woods, extreme sports, observation of birds andwhales, dawn and warm sandbank. Without doubts this zone represents an enormoustourist potential for our Blue Coast province of Guayas. This meansan increasing demand of dozens of thousands of potential visitors and potential buyers forthe villas of our housing project that definitely assured the repayment or return of capital

investment in project like proposed by (name of the company)

International Seafront.- In our project we offer the construction of a vehicular andpedestrian of restricted use, establishing regulation for the opening of commercialestablishments. All will be organized for the maintenance of seafront itself. This project willcount with several complementary services and precise co-projects, such as handicraftmarket; areas of skating, biking, walking, etc. Besides, areas of parking, rest rooms,showers and playing sports on beaches. This seafront will be constructed under a conceptof an open big commercial mall, this means the development of other services in encircledareas such as the following:

Ecuadorian Tropical Garden.- Additionally, artificial lakes will be constructed in an area of2.5 hectare, including summing pools with mechanically generated-waves and toboggans,forming a great familiar recreational center. In another area of 12.5 hectares, with thetechnical advisory and patronage of Tropical Garden of Miami, Florida, we are going toconstruct a large garden, including the their seeds and our rich native flora seeds and amini zoo with the native fauna zone.

Center of Art and Culture.-This type of center will be also constructed where national andinternational festivals for special series of performances as the well-known in Via del Marand Acapulco. Complementary and related service to these activities, are going to bepatronage and perform, such as movies, exhibits, conventions, seminars, etc.Playas-Engabaos beaches, although the infrastructure works to be performed and carryout to develop this project, and special care will be kept to preserve the natural status of the



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beaches by definition are geometric places to equilibrate the earth and ocean, in order topreserve this equilibrium, it is necessary to preserve the beach under the best naturalconditions. It is necessary to point out that the sea does not supply solids, this concept isimportant because the following reasons:This Playas-Engabaos project will constitute the future main tourist center of Ecuador, andit has gained by its natural beauty of the beaches, under these conditions andcircumstances, the project considers, under the single concept that the whole city ofPlayas-Engabao, includes the seaside resort, the seafront and the beach. The projectstechnical team force is under periodically observation of the affected beach in this projectand to accomplish these tasks, the Projects Task Force Team will have a sea environmentquality laboratory, equipped to undertake the physical, chemical and biological analysis onsediments and water, as well as the needed field instrumentation. Also, it will have anelectronic and instrumentation workshop which, in addition, will provide services to otherunits of the city of Playas-Engabao.

The Projects main consideration is the creation of a Center of Studies to aim at developinglong-term statistical analysis on marine climate (waves and wind). It also applies numericalmodels of marine hydrodynamics to the studies on beaches and port coastal engineering.Knowledge of the wave climate is a prerequisite in most of the studies of the coastal areas,since it is the main agent in the evolving dynamics of the coast and a key action to beconsidered in the regeneration in coastal structures and beaches. The objective of thisCenter is to maintain the relative information as up to date as possible in the techniques forwave characterization, needed for the different types of studies, as well as to contribute tothe development of this discipline as much as possible. The Project will consider thenumerical models of marine hydrodynamics are today worldwide and in certain areas ahighly competitive tool in comparison to the physical models from the point of view of cost,

execution time, versatility and quality of results. The Projects Task Force Team will makeextensive use of models of wave transformation in coastal zones (refraction, refraction-diffraction), wave disturbance within the beach and long wave analysis.

Prepared by Wellington G. Gallardo, Ciudadela. Los Esteros, Manzana 29, Villa 4, tel.(5934)2422511, Playas Phone: (5934) 2764042, Cel. Phone (5939) 89502692, e-mail:[email protected], Guayaquil, Ecuador.

Ciudadela Los Esteros, Mz. 4 Villa 29, Guayaquil, Ecuador, telfono 593-4-2422511,cel 593 9 89502692 email finangallardo@hotmail com

Proyecto Con Membrete

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