Project ID: 66406

ICBC Indonesia provides $47.89 million loan to PT Royal Pacific Nusantara for Renaissance Bali Nusa Dua Hotel Construction Project

Commitment amount

$ 55185474.339734435

Adjusted commitment amount

$ 55185474.34

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Trade policies and regulations (Code: 330)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Actual complete

2018-05-02

Geography

Description

In 2017, ICBC Indonesia signed a $47.89 million loan agreement with PT Royal Pacific Nusantara for the Renaissance Bali Nusa Dua Hotel Construction Project. The borrowing terms of the loan are unknown. This project involved the construction of the Renaissance Bali Nusa Dua Hotel and Villa under the Marriott Vacation Club International brand in Bali. On May 2, 2018, the hotel was officially opened.

Number of official sources

3

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

PT Royal Pacific Nusantara [State-owned Company]

Implementing agencies [Type]

PT Royal Pacific Nusantara [State-owned Company]

Loan Details

Bilateral loan

Investment project loan