SnOasis funding is safe and ready to be used

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DEVELOPERS of the £350 million SnOasis project are ready to start work and have secured all their funding despite further blows to the financial market in Ireland.

Onslow Suffolk Ltd are ready to start work at the site in Great Blakenham as soon as an important final document is signed off.

SnOasis spokesman, Jim Carroll, said: “We are all sitting on our hands at the moment waiting for the Section 106 agreement to be signed off and then everything is all go. It could be any time soon.”

The team behind the project insist that they have secured all the necessary funding from banks and private investments.

Mr Carroll said: “It’s already got a good reputation world wide and we have got interest from right around the world.”

High network investors from America and the Middle and Far East, as well as individuals from Ireland, have all shown interest in investing.

The SnOasis complex will be the biggest winter sports centre in Europe with a 415m long ski slope.

Mr Carroll said that ecological work will be the first stage of development at the site, creating new homes to relocate great crested newts and badgers.

He said the work is then set to begin in September and should be finished by 2014.

The complex would provide facilities for all winter sports as well as a four star hotel, bars and restaurants, a night club and a health and fitness centre.

The complex will also provide more than 300 homes and a primary school.