Eastern Equatoria government signed with a Kenyan investor a new partnership agreement on the management of Hotel Torit reviewing the previous lease.
The new deal was inked yesterday by the state government and Lake Bogoria Spa Resort-Sudan to overrule a previous agreement finalized in March of this year, Emmanuel Radio reported.Eastern Equatoria governor Louis Lobong Lojore assured the Kenyan hoteliers that the current agreement was a binding document that confirmed their operations in the state.
Mr. Lobong revealed that the previous agreement lacked transparency.
The state government instituted a review committee to assess the deal after citizens voiced concerns over the terms of the contract.
Mr. Lobong stated that the new agreement would be presented to the state Council of ministers for endorsement and to the state Legislative Assembly for approval.
Eastern Equatoria minister of Environment, Wildlife Conservation and Tourism, George Echom Ekeno, presented the terms of the new deal.
Mr. Echom said that instead of a lease of 30 years the new contract was a partnership for ten years renewable.
He added that the company and the state will share 50 percent of profits each during the first year. In the second, the company will get 60 percent and the state 40. And in the remaining year 70 percent of the profit will be for the investors and 30 percent for the state.