AEF Boundary Hill

completed

The project is to establish an exclusive up-market 16-bed lodge on the boundary of Tarangire National Park in northern Tanzania. The lodge will be within a 35,000-acre private game conservation area that will be established as part of the project. The lodge will target wealthy tourists seeking a unique safari experience. BHL within the conservation area will offer activities such as night-game drives and walking safaris that are not allowed in the national park.The project has a very strong developmental impact as: (i) BHL is the first tourist facility in Tanzania where a local community is involved as a major shareholder; (ii) the creation of a conservation area will enhance the preservation of the diversity and numbers of flora and fauna in the eco system by stopping the land from turning into agricultural land and protect one of the few remaining corridors left for wildlife to migrate through; (iii) the project will generate additional income for the Lolkisale village from royalties, with the funds used for community facilities such as schools and health centers; (iv) it will create employment for 20 people with the attendant benefits in training, health and safety; and (v) it will generate approximately $380,000 each year in foreign exchange. IFC’s role is: (i) Long term financing: IFC is one of the few sources of long term financing in Tanzania. (ii) Project structuring, appraisal and implementation: This is the sponsor’s first major hotel undertaking. IFC’s consultant has provided considerable input to the facilities required in an up-market lodge and marketing suggestions. (iii) Environment and Social issues: Financed by IFC trust funds, IFC consultants together with IFC’s environmental and technical department have provided substantial assistance to the sponsor on establishing programs to manage social issues and distribution of funds to the local community.