ANNOUNCEMENT 04 May 2010
Turk Eximbank provided financing for the reconstruction project of the Oktyabrskaya Hotel in Belarus.
NUMBER OF INTERVENTIONS
Belarus Bureau Prime-Tass, (4.5.2010), “Turkish co wins tender to reconstruct Oktyabrskaya Hotel, contract value $59.985 mln”. Available at: http://www.prime-tass.by/english/News/show.asp?id=81098
Turk Eximbank, Sample Transactions, “Republic of Belarus – Oktyabrskaya Hotel Project”. Available at: https://www.eximbank.gov.tr/en/product-and-services/buyer-s-credits/sample-transactions#international-project-loans
Turk Eximbank provided financing for the reconstruction project of the Oktyabrskaya Hotel in Belarus. On 4 May 2010, Emsas Insaat, a Turkey-based construction company, won the tender for the reconstruction of the Oktyabrskaya Hotel for USD 60 million. For the project, Turk Eximbank provided a loan of USD 51 million.
With the completion of the project, the Oktyabrskaya Hotel will be upgraded to a 5-star hotel. Within the scope of the project, apart from the renovation works, a swimming pool and a sports center, meeting rooms, and restaurants will be constructed.