UniBristol Tuzla (EBRD-47282)

Countries
  • Bosnia and Herzegovina
Where the impacts of the investment may be experienced.
Specific Location
Tuzla
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Unibristol d.o.o.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 16.97 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15,000,000.00
Converted using 2016-06-20 exchange rate.
Project Cost (USD)
$ 56.32 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 49,779,000.00
Converted using 2016-06-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 10, 2017

Disclosed by Bank Jun 20, 2016


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Project Description
This project finances Unibristol d.o.o. to construct a multi-purpose development in the city of Tuzla. This development will be comprised of: a) a residential complex covering an area of 25,128 sqm (in total 328 units) in two towers, b) a full-service hotel with 128 rooms, to be operated by Unibristol under name "Hotel Mellaine" and categorized as a 4 star hotel; c) a commercial retail area of approximately 6,000 sqm spread across two levels. d) an underground garage with 361 parking spaces spread across three underground levels; e) a recreational and wellness area.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
UniBristol d.o.o. is a limited liability company incorporated in Bosnia and Herzegovina, established with the sole purpose of implementing the Project.
Contact Information
Mrs. Edina Imamovic edina.imamovic@unibristol-tuzla.ba +387 35 356 512 +387 35 278 256 www.unibristol-tuzla.ba Aleja Alije Izetbegovica br. 4/3 75000 Tuzla Bosna i Hercegovina ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.