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Conygar Investment Co PLC announces Parc Cybi truck stop joint venture

Thursday, 5 Dec 2013 02:00am EST 

Conygar Investment Co PLC:Says it has created a joint venture with Fred Done of Betfred through his truck stop subsidiary Road King, to develop and operate a truck stop facility at its site at Parc Cybi, Holyhead, Anglesey.Says the joint venture (Road King Holyhead) will occupy the 14 acre site on the development site and create a 200 space truck stop and associated amenities together with ten logistical support units.Says Conygar and Road King have each committed 2.5 million pounds to the joint venture in order to fund the construction and start up of the truck stop operations.Says work is well advanced on the detailed specification and construction process and it is hoped to be on site by the spring of 2014 with a view to the truck stop being operational by autumn of next year.Says the joint venture will be fully funded by the partners out of existing cash resources although external funding may be introduced in future as appropriate. 

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