The International Finance Corporation and a Dutch development bank have awarded a $26.5 million (R267million) loan to help build a hotel in Haiti.
The loan was given to Turgeau Developments, S.A., to help with construction of a Marriott International Hotel in Port-au-Prince. Turgeau Developments is a company that was created by one of Haiti's biggest private firms, Digicel Limited, to build the hotel. The 175-room Marriott is scheduled to open in 2015.
It's among several other hotels that have opened or will soon open in Port-au-Prince after the 2010 earthquake. The hotels target contractors, foreign aid workers and diplomats rather than tourists.
The IFC is a member of the World Bank Group and focuses on helping the private sector in developing countries.
IFC issued the statement Wednesday.
$26.5million loan awarded to build Haiti hotel
The International Finance Corporation and a Dutch development bank have awarded a $26.5 million (R267million) loan to help build a hotel in Haiti.
The loan was given to Turgeau Developments, S.A., to help with construction of a Marriott International Hotel in Port-au-Prince. Turgeau Developments is a company that was created by one of Haiti's biggest private firms, Digicel Limited, to build the hotel. The 175-room Marriott is scheduled to open in 2015.
It's among several other hotels that have opened or will soon open in Port-au-Prince after the 2010 earthquake. The hotels target contractors, foreign aid workers and diplomats rather than tourists.
The IFC is a member of the World Bank Group and focuses on helping the private sector in developing countries.
IFC issued the statement Wednesday.
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