Financed ProjectsNOVOTEL PROJECT,UKRAINE

Identification Code:

OP/20/0002

Total Operation Cost:

14.000.000

Maturity:

120 months

Operation Status:

Description and Purpose of the Operation:

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Loans

Sector:

Real Estate

Domain:

Private

Borrower/Client:

Tsentr Rozvytku Nerukhomosti Ltd. (SPV), Ukraine

Co-Financiers/Participants:

Equity financing

Guarantors/Sponsors:

Holding company of Galnaftogaz Group

Developmental and Regional Cooperation Impact:

The Bank’s financing will support a construction of 4-star hotel in Lviv, Ukraine, that will have a positive development impact on the tourist sector of the city, create jobs, improve urban landscape and access to the heritage of Lviv city.

Environmental Classification and Impact (summary):

The operation has been assigned E&S Category B. Construction and operation of the hotel downtown Lviv is associated with limited E&S impacts, which can be readily mitigated and/or avoided by adhering to generally accepted performance standards, guidelines and design criteria for construction and operation of hospitality and recreational buildings.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org