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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    Croatia : € 40,000,000
    Teenindus : € 40,000,000
    Signature date(s)
    11/09/2018 : € 40,000,000

    Summary sheet

    Release date
    5 September 2017
    Status
    Reference
    Signed | 11/09/2018
    20160681
    Project name
    Promoter - financial intermediary
    Hotel redevelopment
    Leading local hospitality operator
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 80 million
    Location
    Sector(s)
    • Services - Accommodation and food service activities
    Description
    Objectives

    Construction of new hotel facilities and surrounding public amenities after removal of old derelict infrastructures in the area of Rovinj.

    The project will help to improve the service and accommodation quality, as well as security by providing new and demand-oriented facilities. In addition, the project will contribute to urban regeneration by implementing new infrastructure fitting better into the local urban context.

    Environmental aspects
    Procurement

    All schemes considered under this project are tourism infrastructure operations. The proposed investments may fall under Annex I or II of EIA Directive 2011/92/EU (as amended by Directive 2014/52/EU), requiring a full Environmental Impact Assessment or EIA screening by the national competent authority on the basis of Annex III to determine the need for a full EIA. To be reviewed during appraisal.

    The promoter has been assessed by the EIB as a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, the Bank will ensure that the relevant EU procurement directives are adhered to by the promoter.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - HOTEL PARK
    Publication Date
    13 Apr 2018
    Document language
    Main Topic
    Lending
    Document Number
    78568847
    Document Focus
    Environmental Information
    Project Number
    20160681
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - HOTEL PARK
    Publication Date
    16 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    132055869
    Document Focus
    Environmental Information
    Project Number
    20160681
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet
    Data sheet

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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