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$460,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Feb 26, 2017
Project Estimated End Date
Nov 30, 2013
Project Description
IFC has been appointed as transaction advisor to the Government of Tonga to structure, and competitively tender and award a Public Private Partnership project for the rehabilitation and operation of the International Dateline Hotel located in Nuku'alofa, capital of Tonga.
Development Results
The objective is to assist the Government of Tonga to structure and competitively tender a Public Private Partnership project that will attract private sector investment and expertise to modernize and introduce efficiencies in the hotel's operations. The project is expected to create and support jobs through the increase in tourism.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of agreements (concession, etc.) signed
Not Available
0
Number of bids conducted
Not Available
2
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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