The contract between Wavegarden and Conwy Adventure Leisure (CAL) has been signed opening way to the world's first artificial wave pool, to be installed in the Conwy Valley, Wales.
The company behind the pioneering Surf Snowdonia project confirmed that a seven-figure first stage payment has been made. UK's first inland surfing destination will open to the public by early summer 2015.
"We have worked alongside the team at Wavegarden for some time now and are delighted to finally make good on our promise of a partnership," says Steve Davies, managing director of CAL.
The Surf Snowdonia project is currently awaiting final planning consent, with work expected to begin on-site in May, 2014. The economic impact of this landmark project includes 100 construction jobs over the build period, as well as up to 60 direct jobs on site once operational.
"Our engineers are already working hard on the production of the new 1.9-meter high version, which features important improvements to the quality, capacity and frequency of the Wavegarden lagoon," adds Josema Odriozola, founder and CEO of Wavegarden.
Conwy Adventure Leisure is investing a total of £7.7m, committing £6.2m in cash and a further £1.5m through additional equity.
