Release date: 16 May 2013
Promoter – Financial Intermediary
The promoter is a privately held joint stock company, a subsidiary of a leading hotel management company in Croatia.Location
Description
Renovation and expansion of hotel 's facilities situated in two locations within the Dubrovnik area.
Objectives
The project comprises the redevelopment, modernisation and upgrading of a number of tourist accommodation and service units on two sites close to Dubrovnik, Croatia (Mlini and Srebreno).
Comments
The project is in the tourism sector
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
If located within the EU, most of the proposed investments would fall under Annex II of Directive 2011/92/EU and none would fall under Annex I. The nature and scale of the investments are such that they would normally be screened out by the Competent Authority. The position of the relevant authority in Croatia will be established at appraisal.
Both Mlini and Srebreno sites have sea frontage with existing hard construction elements within the Mediterranean International Coastal Zone Management Protocol limits. Funding will not be available for any new, hard developments within the boundary.
Procurement
The Bank will require the promoter to ensure that the procurement procedures followed are in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules
Status
Signed - 20/01/2014