The Sar Lar Investment company had already spent US$2 million of the total projected US$6 million project budget clearing forest and constructing a road to develop the Bou Sra Waterfall Eco Resort in Mondulkiri province, Cambodia, before pulling out of the project because of "capital concerns," the paper reported.
One of the largest waterfalls in Cambodia, the Bou Sra site is popular with tourists and has seen an increase in visitors over the last year, but the area only has one guest house and various stores. Located in the country's south east, the site is about a 45 minute drive from the city of Sen Monorom, around 400 km from the capital Phnom Penh.
They decided to stop the project investment on March 20 because the housing development business of Okhna Sar Lar in Phnom Penh cannot sell anything. That is why they don’t have enough of a budget to continue the project. They have already completed a garden and a set of stairs down to the Bou Sra waterfall from the top. For now, the Mondulkiri Tourism Department will take care of the site until another investor comes along. As for when that will be, it is unclear. It is also uncertain how much of the forest has been cut down, and what will happen to that land if no new investors are found. Cambodia.com made mention of the planned resort before it was cancelled, saying Sar Lar Investment Co "has assured nearby villagers that the five-year project will not be disruptive to the environment as no forests are to be cut down for the development. Instead, Sar Lar hopes to make it an ecotourist undertaking which will create around 100 jobs for the ethnic minorities." Seriously guys, which part of it is eco-friendly?Unless they revamp an old resort into an eco-friendly one then it'll be understandable but clearing away trees.. Maybe they should just replant trees there.
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