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Summary of Project Information (SPI) |
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| Project number | 8464 |
| Project name | Jomsom Mountain Resort |
| Country | Nepal |
| Sector | Accommodation & Tourism Services |
| Department | Global Manufacturing & Services |
| Company name | Jomsom Mountain Resort (Pvt.), Ltd. |
| Environmental category | B |
| Date disclosed | July 25, 1997 |
| Status | Active |
| Previous Events | Invested: April 22, 1998
Signed: January 25, 1998
Approved: September 29, 1997 |
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Summary Of Project Information (SPI)
| Project Name | Nepal-Jomsom Mountain Resort |
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| Region | Asia |
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Project No008464
Projected Board DateNovember 1, 1997
Company NameJomsom Mountain Resort
Technical Partner and/or Major Shareholders
Mr. R. P. Pradhan and his family will own 100% of the hotel’s equity.
Project Cost Including proposed IFC investment
Project cost is $7 million and proposed IFC investment is $2.45 million A loan and $1.05 million B loan
- Location of project and Description of site
Jomsom, Mustang District. The hotel will be located in Jomsom in West Nepal. The site is a relatively flat piece of land with no vegetation.
- Description of Company and Purpose of Project
The sole purpose of the company would be to build and operate the hotel in Jomsom, Nepal.
- Environmental Category and Issues
This is an environmental review category B project. Environmental, health and safety issues include liquid effluent treatment and disposal, solid waste, water supply, power supply, site selection and land use, fire safety, employee training, and emergency response.
The land is barren and is not being used for any purpose. It is not suitable for growing and there is no vegetation on the land. The mitigating measures include a waste water treatment plant, an incinerator for solid waste disposal, water filtration plant for drinking water, wind mill for environmentally friendly power generation. In order to minimize the environmental impact, the Sponsors are planning to build the hotel with no more than two floors thus eliminating the need for sprinkler system. The employees will be provided with training to respond to fire and other emergencies. Likewise, there will be no air conditioning, which will eliminate the issue of CFC.
The is August 15, 1997 from the Public Information Center.
| Date SPI sent to PIC | July 25, 1997 |
For Additional Information contact:
Corporate Relations Unit
Telephone: (202) 473-7711
Fax: (202) 974-4384 |
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| Environmental documents for this project are available at http://www.ifc.org/projects and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). |
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