Release date: 29 July 2003
Promoter – Financial Intermediary
Pristine Resorts Ltd
Chantecler H.Q.
Gentilly, Moka
MAURITIUS
Location
Description
In the context of the redevelopment of portion of an extensive sugar estate into an Integrated Resort Scheme the project involves the construction and operation of a resort hotel comprising 158 keys. The project will be established in the southern part of Mauritius, one of the least developed but most unspoiled parts of the country.
Objectives
As third largest foreign exchange earner, tourism has become a key sector for the economic development of Mauritius, a country which is endowed with only few other natural resources. Through its high standards and variety of unique features the project aims to enhance Mauritius as a destination for high quality, sustainable tourism.
Comments
Tourism
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 12 million
Total cost (Approximate amount)
Approximately EUR 43 million
Environmental aspects
The Developer is committed to meet all local regulations and the international hospitality industry standards for a sustainable tourism development. An EIA has been prepared and presented to the relevant authority for approval.
Procurement
Procedures in line with the Bank's guidelines.
Status
Signed - 12/08/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).