PROJECT

Projects

Environmental Review Summary

Project Number

20491

Company Name

Cinema Park

Date ERS Disclosed

Jun 12, 2003

Country

Russian Federation

Region

Europe

Date Revised ERS Disclosed

Apr 11, 2005

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Aug 16, 2005
Signed : Sep 8, 2005
Invested : Jun 13, 2007

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Industry

other

Department

Regional Industry MAS LAC & EUR

Project Description

This document is a re-issued version of one originally disclosed in June 2003. The project has been modified in scope and now plans to create a chain of 12 (previously 20) multi-screen cinemas in the Russian Federation under the Cinema Park company which was established in 2002 and currently operates from its offices in Moscow. The company has already opened two cinemas in Moscow and is planning to open additional cinemas in several cities in the Russian Federation, including Moscow, Saint Petersburg, Krasnoyarsk, Perm and other regional cities. Cinema Park will acquire or lease retail space in shopping malls and entertainment centers, as well as in free standing buildings in these urban centers located in highly populated areas with good access to public transportation. The total project cost is estimated at $128 million.

Environmental and Social

Conclusion & Monitoring