PROJECT

Projects

Environmental & Social Review Summary

Project Number

27047

Company Name

Tourism Promotion Services Tajikistan

Date ESRS Disclosed

Oct 17, 2008

Country

Tajikistan

Region

Central Asia and Turkiye

Last Updated Date

Aug 29, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Mar 16, 2009
Signed : Mar 26, 2009
Invested : Nov 20, 2009

Sector

City and Business Hotel

Industry

Tourism, Retail and Property

Department

Regional Industry MAS MCT

Project Description

The proposed greenfield project involves the construction and operation of a nine story five-star 85 room hotel in the city center of Dushanbe, Tajikistan at a cost of $37.8 million. The project will be owned and operated by Tourism Promotion Services Limited Tajikistan (“TPST”) under the aegis of Tourism Promotion Services (“TPS”), a subsidiary of the Aga Khan Fund for Economic Development (“AKFED” or the “Sponsor”). AKFED builds, rehabilitates and manages hotels and lodges under the brand name Serena. TPS’s aim is to contribute to economic growth and the overall investment climate in the country of operation in an environmentally and culturally sensitive manner. The project, which is expected to be completed in 2009, will include 10 service apartments and office space, as well as other full service hotel facilities. Significant investment in infrastructure, i.e., water treatment, electricity back up, etc., will also be undertaken to support a future expansion (for a capacity of 200 rooms).

Overview of IFC's Scope of Review

IFC’s evaluation included:

- discussion and review of general approach to the project design and management of the Serena Hotel in Dushanbe;
- review of property and land use rights transition documents and permits, geotechnical engineering report, project structural design and drawings; contractor’s environmental, health and safety management system documents including policy and procedures, health and safety weekly reports, accident prevention, safety, security and emergency plans specific to the project site;
- visits to the project site and to the construction labor camp, and
- meetings with the project management team, and construction contractors where environmental and social risks and mitigation measures were examined. Community engagement activities of the Sponsor and IFC’s previous experiences in similar projects owned by the Sponsor were also reviewed.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
Microsoft Word - TPST 27047_ESAP_10082008.pdf