Financed ProjectsDufremol

Identification Code:

OP/10/0780

Total Operation Cost:

0

Maturity:

72 months

Operation Status:

Description and Purpose of the Operation:

Provision of debt financing to Dufremol SRL (the "Borrower") for the construction and operation of international standard travel retail outlets in Tudora, Palanca, Giurgiuleshti, Leuseni and Sculeni, Republic of Moldova The Operation will finance the Borrower’s development program, which involves a portion of capital expenditures program that covers the first stage of Dufremol retail chain development - construction and operation of 5 stores (out of the total planned number of 10).

Countries of Operation:

Moldova (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Dufremol SRL

Co-Financiers/Participants:

Guarantors/Sponsors:

Moldclassica International SRL

Developmental and Regional Cooperation Impact:

The Operation will contribute to fulfilling the long term unmet demand for international standard travel retail services and will introduce improved standards of travel retail trading and management techniques. The Operation is also expected to create new jobs in remote areas, which at the moment are more affected by unemployment than the capital city of Chisinau.

Environmental Classification and Impact (summary):

Screened as B category. The Environmental assessment concluded that EHS impacts associated with building 5 duty free shops around the country are limited, site specific, readily mitigated and are related mainly to construction phase with no significant negative impacts.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org