"Tropico 5" release date is set for summer 2014.

According to a post on Joystiq, Tropico 5 release date for the Xbox 360 and PC versions is going to happen early this summer 2014, as announced by Kalypso Media. Meanwhile, the Tropico 5 release date for the PS4 edition is scheduled to launch later this year.

Although Kalypso has not yet revealed a more specific Tropico 5 release date, besides the summer 2014 timeframe, the game developer has revealed a number of details regarding the upcoming video game.

In the game, players will take on the role of El Presidente, who will "take control of the infamous island of Tropico during early colonial times and then guide it through the centuries as the world changes and moves ever forward."

Moreover, below are the features of the Tropico 5, according to the game's official website:

The Eras - From the 19th century to the 21st, each era carries its own challenges and opportunities. Begin your reign during colonial times and advance your nation through the modern era and into the future!

The Dynasty - Each member of El Presidente's extended family is present on the island and may be appointed to key leadership positions, earning skills and experience in their assigned roles.

Research and Renovate - Advance your nation by discovering new buildings, technologies and resources. Transform your old buildings into modernized, hyper-efficient designs worthy of an economic superpower!

Advanced trade system and trade fleet - Amass a global trade fleet and use your ships to secure import/export trade routes to neighbouring islands and key nations.

Explore your island - Discover what lies beyond the fog of war. Send prospectors to look for new mineral and ore deposits, but be wary of hostile animals and native tribes.

All new art - All artwork is reworked to provide Tropico 5 with a distinct historic visual identity. Choose from over 100 unique buildings from each of the individual eras.

Cooperative and competitive multiplayer - Up to four players can build up their own cities and economies on any given island map. Players can share resources and citizens, or declare war on each other.

Meanwhile, Kalypso released a new trailer for Tropico 5 has, which "parodies Disney's Pirates of the Caribbean and its eccentric pirate, Captain Jack Sparrow, according to a post on Polygon. Watch the entire trailer below to see the spoof:

Moreover, the beta signup for the game started last week. For those who wants to be a part of the beta testing for Tropic 5, simply visit this link and fill out the registration form. Unfortunately, the beta is only open for PC users.