Support to the Reconstruction of Hotels in Port-au-Prince
The objective of this Operational Input is to contribute US$300,000 to the restoration of the hospitality industry in Port-au-Prince by providing assistance to: (i) finance studies necessary for the analysis and preparation of loans to three hotels (ii) provide training for hotel workers and to provide insight into methods of improved corporate governance for the management of the hotels in order to modernize and promote higher standards of business practice. The provision of assistance to these three hotels is required due to the large transaction costs related to these financings, in comparison to the relatively small size of the transactions. These hotels when rebuilt are expected to have a significant positive impact on the availability of high quality hotel rooms in Port-au-Prince, given that 60% of the hotel rooms in Port-au-Prince were destroyed during the January 12, 2010 earthquake

Project Detail

Country

Haiti

Project Number

HA-T1143

Approval Date

May 23, 2011

Project Status

Closed

Project Type

Technical Cooperation

Sector

SUSTAINABLE TOURISM

Subsector

TOURISM COMPLEXES

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 300,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 300,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/FG-12733-HA Non-Sovereign Guaranteed USD - European Euro Spanish Framework - General Cooperation Nonreimbursable
Operation Number ATN/FG-12733-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - European Euro
  • Reporting Date:
  • Signed Date:
  • Fund: Spanish Framework - General Cooperation
  • Financial Instrument: Nonreimbursable