According to bank documents, the project involves to construct and operate a resort hotel, which includes a multi-purpose venue, located in the rural outskirts of Lusaka. The hotel will be an upscale 249-room greenfield development operating under the Protea Hotels by Marriot brand while the multi-purpose venue will have capacity for up to 2,500 persons.
Total project cost is US$29.6 million. IFC’s proposed investment is up to US$9.0 million of debt in the form of an A-Loan.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Protea Hotels Management Investment Company Proprietary Limited||Client||-|
Union Gold (Zambia) Limited
+260 211 252402/5/6
Office Suites, 2nd Floor, Protea Hotel Lusaka, Arcades, Lusaka, Zambia
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/