Port Development Project (ADB-48480-001)

Countries
  • Nauru
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
Approved
Bank Risk Rating
C
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
Dec 3, 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
Government of Republic of Nauru, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • 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)
$ 3.51 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 Oct 14, 2017

Disclosed by Bank Mar 29, 2017


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Project Description
According to ADB website, the proposed Port Development Project will improve port operations in Nauru by constructing a quay wall and access causeway at Aiwo, reconstructing port buildings, container storage and strengthening institutional capacity of the Nauru Ports Authority (NPA). The main objective of the project is to provide a climate resilient port to allow reliable transport links for the import of food, goods and fuel and potentially export of phosphate and products including fish and limestone rock and aggregate. The project has the following components: 1. Detailed Design 2. Construction Activities 3. Port Reform and Project Management
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Indrawansa, P.P.G.P.P. 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