Andermatt's extensive building project to boost tourism is on target.
Last week Andermatt Swiss Alps celebrated a milestone in the $1 billion project to turn the town into an exclusive ski and golf resort: the outer shell of the five-star Hotel Chedi Andermatt was completed and the roof in place.
In 2005, Egyptian billionaire Samih Sawiris presented his new vision for Andermatt to help "transform it into Switzerland's newest resort". The idea was to invest more than $1 billion making it an exclusive ski and golf resort.
The Andermatt Swiss Alps project inolves modernising and linking the neighbouring ski areas of Andermatt and Sedrun to form a single ski arena stretching 130 kilometres; the construction of six new four- and five-star hotels, 490 apartments, and 25 villas; a state-of-the-art sport and leisure centre; and an 18-hole golf course.
The sports centre will be at the centre of the village offering a wide range of spa programmes, swimming, and fitness training.
The ecologically designed 18-hole golf course and six-hole practise facility will stretch 1.3 million square metres. The first fairways and greens of the golf course have already been seeded.
All new hotels, apartments, and villas are being built to MINERGIE standards, which is a recognised Swiss label for the ecological construction of new buildings. Electricity and heat will be obtained exclusively from renewable resources to ensure a carbon dioxide-neutral energy supply.
By the end of 2011, Andermatt Swiss Alps will have awarded contracts totally CHF185million from the start of construction work. Different aspects of the project are scheduled to be completed at different times from summer 2013 to winter 2014.