Outer Island Maritime Infrastructure Project (ADB-48484-001)

Countries
  • Tuvalu
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
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.
Voting Date
Jul 6, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Communication and Transport
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 14, 2017

Disclosed by Bank Jul 10, 2015


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Project Description
According to ADB website, the proposed Outer Island Maritime Infrastructure Project will develop maritime infrastructure in the selected outer islands of Tuvalu, improve safety, efficiency and sustainability of maritime transportation among Funafuti, the capital, and outer islands. The project will help Tuvalu overcome its connectivity problem that is constraining its economic and social development. The connectivity challenge results from Tuvalu's dispersed typography a small country (land area of 26 square kilometers) composing of nine islands, stretching over approximately 680 kilometers, small and dispersed population about 10,800 as of 2012, with less than 1,600 people on each of outer islands, from 2002 to 2012, outer island population was decreased by 9% while that of Funafuti increased by 37%.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Muramoto, Shigehiko Pacific Department No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main