Countrywide Resort Hotel – 2
Project Description
PROJECT DESCRIPTION:
The project involves the construction and operation of a resort hotel in Chintheche, Nkhata Bay, on the shores of Lake Malawi.
The project will contribute to the government’s objective of ensuring that tourism is developed and promoted in a way that brings meaningful economic benefits to the local people, including by creating jobs.
PROJECT LOCATION:
Chintheche, Nkhata Bay
ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:
Joint venture partnership – either 30: 70 in favour of the investor, or 40:60
Financing – 100% Debt
AVAILABILITY OF PRE-FEASIBILITY STUDIES, FEASIBILITY STUDIES, AND OTHER STUDIES:
The project feasibility documents have been completed by the Project Developer/Promoter.
INVESTMENT REQUIRED
Capital Expenditure Requirement – USD 5,000,000,000
Working Capital Requirement – USD 100,000
Proposed Financing Structure – Debt and Equity partnerships
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Country
Malawi
Location (s)
Chintheche
Sector
Tourism
Sub Sector
Leisure & Development
Investment Value Range
+ 100 million USD
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