SAO TOME SUSTAINABLE ROADS (EIB-20170824)

Countries
  • Sao Tome and Principe
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
REPUBLICA DEMOCRATICA DE SAO TOME E PRINCIPE
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 13.21 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 12
Converted using 2019-10-10 exchange rate.
Project Cost (USD)
$ 27.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 25
Converted using 2019-10-10 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Dec 19, 2019

Disclosed by Bank Nov 6, 2019


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Project Description

According to bank documents, the project consists of the reconstruction, upgrading and coastal protection of the Sao Tome City's main avenue, Avenida Marginal 12 de Julho. The project aims to improve the road safety and connectivity, being the key part of the primary national road network and core element of the capital's urban regeneration and tourism development.

The project aims to improve safety for pedestrians, motorised as well as non-motorised vehicles on the road and the hinterland, its connectivity as transport and coastal protection corridor and ultimately its climate resilience. The project will also include Technical Assistance for project preparation and implementation. In detail, the project will:
i) improve the connection between the capital and the country's main airport;
ii) improve the mobility conditions within the capital area;
iii) contribute to the improvement of the overall road network by enhancing the link between the national roads EN1, EN2 and EN3;
iv) increase the protection of the coastal stretch along the road against erosion and flooding;
v) increase the attractiveness of the capital's waterfront for both locals and tourism development; and
vi) improve accessibility to the coast and the conditions of fishery landing sites.

Investment Description
  • European Investment Bank (EIB)
Contact Information

*Contact information not provided at the time of disclosure*

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