Early Warning System

Countries

St. Vincent and the Grenadines

Geographic location where the impacts of the investment may be experienced.

Specific Location

Kingstown

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 1, 2019

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of St. Vincent and the Grenadines

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade
Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.

Loan Amount (USD)

$ 110.07 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 185.34 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ CDB website

Updated in EWS Jun 22, 2023

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, this project will construct new cargo port facilities and associated access roads on reclaimed land near the existing Kingstown Harbour, providing essential climate resilient infrastructure for economic activity on the island. A new marine sewer line will protect and improve the sustainability of the surrounding marine environment.
The project will increase the efficiency of port services, and facilitate economic growth, while protecting the marine environment and providing livelihood support for project-affected persons.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Caribbean Development Bank (CDB)

The UK CIF Resources will finance the project with an amount of USD 32,482,000, and the Government of St. Vincent and the Grenadines with an amount of USD 104.8 million.
Accordingly, the total project cost should be about USD 250.8 million.

The data reported on this tab is approximate, due to incosistency of information between the project disclosure and the project documents.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

According to Bloomberg, Aecon Group Inc. is a construction and infrastructure development company that provides services to private and public sector clients. The Company conducts operations throughout Canada and internationally. Aecon provides services such as development and project financing, design and engineering, procurement and construction, and operation and facility management.

On the company's website, it is stated that Sellhorn Ingenieurgesellschaft mbH "offer[s] the full range of consulting and planning services of the consulting engineer. This includes all engineering services from the initial evaluation through all planning stages and on to construction supervision on site."

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Aecon Group Inc	Contractor	Construction
-	-	-	-	Sellhorn Ingenieurgesellschaft mbH	Contractor	Construction

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CDB Team Leaders:

Andrew Dupigny - Head, Infrastructure Partnerships, Office of the Vice-President (Operations)
Email: dupigna@caribank.org

Mr. Daniel Best - Director, Projects Department
Email: bestd@caribank.org
Phone: +246 431-1710

Mr. L. O'Reilly Lewis - Division Chief, Economic Infrastructure Division

Implementing Agency - The Ministry of National Security, Air and Sea Port Development:

Address: 4th Floor, Administrative Centre, Bay Street, Kingstown, Saint Vincent
Email: office.natsec@mail.gov.vc
Phone: +784 457-1426
Fax: +784 457-2152
Website: https://security.gov.vc/security/

Executing Agency - Saint Vincent and the Grenadines Port Authority:

Lenski Douglas, Project Coordinator (Ag.)
Email: ldouglas@svgpa.com
Website: https://svgpa.com/home/

Contractors -

Aecon Construction Group Inc:

Address: 20 Carlson Court, Suite 105, Toronto, ON M9W 7K6
Phone: +1 (416) 297 2600
Email: aecon@aecon.com
Website: https://www.aecon.com/

Sellhorn Ingenieurgesellschaft mbH:

Address: Teilfeld 5, 20459 Hamburg, Germany
Phone: +49 (0)40 36 12 01-0
Fax: +49 (0)40 36 12 01-28
Email: info@sellhorn-hamburg.de
Website: https://www.sellhorn-hamburg.de/en/

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.