Road Infrastructure Rehab. (UKCIF) (CDB-2016-ANTROADREHABI)

Countries
  • Antigua and Barbuda
Geographic location where the impacts of the investment may be experienced.
Specific Location
Sir George Walter Highway, Friars Hill Road, St. John's, Cedar Grove
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
U
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, 2016
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 Antigua and Barbuda
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
  • Law and Government
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Grant Amount (USD)
$ 18.25 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.
Currency conversion note:
Bank reported GBP 13.8 million
Converted using 2016-07-21 exchange rate.
Project Cost (USD)
$ 28.22 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
Other Related Projects
Primary Source

Original disclosure @ CDB website

Updated in EWS Jun 7, 2023

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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.

As stated by the CDB, this project will rehabilitate 8.7 km of major road to improve efficiency, resilience, safety and accessibility along the Sir George Walter Highway and Friars Hill Road in Antigua. These roads are used by 75% of the population and serve as primary arteries, linking the capital St. John's, the airport, and many of the island's tourism attractions. This upgrade will provide a major boost to commercial and economic activity on the island. The project will also strengthen the institutional capacity of the Ministry of Works and Housing by upgrading the materials laboratory; training ministerial staff in pavement design, construction, and maintenance; and helping the Ministry to better integrate social and gender issues in infrastructure projects.

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

The Government of Antigua and Barbuda will contribute to the project with USD 11.5 million.

The data provided in this tab is approximate, due to the inconsistency of the information disclosed by the CDB.

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.

As stated on the company's website, BHM was founded in 1984 by a group of Bahamian businessmen with deep knowledge and experience in the construction industry and are active members on the company’s board of directors. Apart from building BHM into a successful company, our directors have achieved success in sectors such as shipping, mining, real estate, and retail. This combined experience supports the overall growth and development of BHM from year to year.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Bahamas Hot Mix Co. Ltd. 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 Leader:

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

Implementing Agency - Ministry of Works and Housing:

Dennis Cudjoe - Project Coordinator
Email: projectcoordinator.works@ab.gov.ag

Contractor - Bahamas Hot Mix Co. Ltd.:

Address: Airport Industrial Park, PO Box CB-10990, Nassau, Bahamas
Phone: +(242) 601 6350
Email: info@bhmgroup.com
Website: https://bhmgroup.com/

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.

 

 

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