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        BEL OMBRE HOTEL

        Signature(s)

        Amount
        € 12,200,000
        Countries
        Sector(s)
        Mauritius : € 12,200,000
        Services : € 12,200,000
        Signature date(s)
        12/08/2003 : € 2,800,000
        12/08/2003 : € 3,300,000
        12/08/2003 : € 6,100,000

        Summary sheet

        Release date
        29 July 2003
        Status
        Reference
        Signed | 12/08/2003
        20030010
        Project name
        Promoter - financial intermediary
        Bel Ombre Hotel

        Pristine Resorts Ltd
        Chantecler H.Q.
        Gentilly, Moka
        MAURITIUS

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 12 million
        Approximately EUR 43 million
        Location
        Sector(s)
        Description
        Objectives

        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.

        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.

        Environmental aspects
        Procurement

        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.

        Procedures in line with the Bank's guidelines.

        Comments

        Tourism

        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).

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        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.

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        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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