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CIH HOTEL FINANCING II

Sector: Hotel • Location: Morocco

Source: World Bank Group

Project
Closed

The Second Credit Immobilier et Hotelier Project to CIH follows the terms and conditions of recent loans to development finance companies, including the standard commitment charge. In view of the growing size of CIH's sub-projects, the free limit above which Bank approval of a project is required would be raised from $100,000 to $200,000, and the aggregate free limit would be $4 million. The Bank

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The project “CIH HOTEL FINANCING II” is an infrastructure initiative in the Hotel sector, located in Morocco. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Status

Original status

closed

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Email

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Description

Description

The Second Credit Immobilier et Hotelier Project to CIH follows the terms and conditions of recent loans to development finance companies, including the standard commitment charge. In view of the growing size of CIH's sub-projects, the free limit above which Bank approval of a project is required would be raised from $100,000 to $200,000, and the aggregate free limit would be $4 million. The Bank would thereby continue to review the bulk of the projects being financed out of the Bank loan. The loan will be disbursed to finance 100 percent of the CIF cost of imported equipment; 65 percent of the cost of imported equipment or equipment assembled or processed locally from imported components, if purchased in Morocco; and the foreign exchange component of construction costs.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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