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

$47.89M USD

Funder	PT Bank ICBC Indonesia
Recipient Organization	PT Royal Pacific Nusantara
Country	Indonesia
Start Date	Jan 01, 2017
End Date	Dec 23, 2026
Duration	3,643 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66406`

Grant Description

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

📋 Loan / Grant Terms

💰 Loan Amountare 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.

📚 Sources & References

Annual Report 2017
Renaissance Hotel
Renaissance Hotels Debuts In Indonesia With The Opening Of Renaissance Bali Uluwatu Resort & Spa
Annual 2019 Report: Moving Forward to Secure the Future
Real Sustainable Hotels in Indonesia
Renaissance Bali Nusa Dua Resort
Renaissance Bali Nusa Dua Resort Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.