PPPC Chief Executive Officer, Patrick Kabambe, told Zodiak, on Wednesday, that identification of potential investors to carry out the project will be identified by next week per government's requirement standards.
Recently, PPPC and department of national parks told Zodiak the two were still undertaking a thorough feasibility analysis.
According to one of the investors Golden Sands Consortium, the feasibility analysis of the project started in 2012 taking almost twelve years until August 21, 2021 when government advertised for potential investors to apply.
Mzuzu University based Tourism Expert, Geoffrey Mhango, says, the move is timely owing to the uniqueness and value of the tourism destination site.
He added, that regardless of the delays, the potential developers should not lose interest, as the Golden Sands remains a tourism gem, in need of requisite tourism facilities and services.
Golden Sands Consortium who are among one of the investors recently threatened to pull out if government delayed further by playing hide and seek on the project.
"In August 2021, Golden Sands Consortium expressed its interest in Golden Sands, when PPPC and National Parks, advertised sites to be developed into Hospitality and Tourism Facilities in the Games, Reserves and Parks and results were due in October 2021, but since then we have been chasing these offices with no news coming out that each time we write them they push the blame to each other, between PPPC and Parks while we followed the proper procedures and process," said Liaison and Development Officer Levi Kalumba.
"Now the Bank that offered to finance the project is losing interest with the delayed results with US 25 million readily available to bank roll the magnificent project," said Kalumba.
According to Kalumba the consortium is set to host a 5 Star Hotel, a resort of 250 Rooms/beds in its six story building plus 10 Villas and 20 chalets in total, to accommodate over 350 people, restaurants and Bars, four board room offices, staff canteen, and laundry area.
The place will also host a 3 star lodge with 100 rooms including 10 chalets, to accommodate over 150 people with restaurants and bars.
"There is also going to be a magnificent International Convention Centre with four halls, which shall accommodate thousands of people all facing the Lake Malawi and they will be in form of the Lake which shall be managed by international hotel managing company like Tsogo Sun, Western Casinos, Sun Hotels, Holliday Inn, Radisson Red/Blue," said Kalumba.
"One Water Plane will be purchased and will run from Nkopola to Nkhata Bay and Likoma," he added.
The hotel will also host two Cruise Ships with a 50 Seater Capacity each, which will run between Nkopola to Senga Bay, Salima.
He further added that four bay-liners, four bottom glass, and four wooden boats shall be purchased for the Resort and for the lodge for dry snorkeling.
The consortium also expects to build mega farms along the lake and build a tourism college with the premises of Cape McClear.