Early Warning System

Countries

Guyana

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

Specific Location

Linden, Mabura Hill (Lethem), Kurupaukari

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, 2020

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 Guyana

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)

$ 112.43 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)

$ 190.27 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

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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, the project will increase the efficiency, accessibility, safety and resilience to climate hazards along 122km of the road corridor between Linden and Mabura Hill; improve attitudes and practices regarding livelihood opportunities, social inclusion and gender equality among community residents; and enhance compliance with the Axle Load Control Programme among transport operators and government agencies in Guyana.
The upgraded corridor is expected to facilitate increased trade with neighbouring South American countries.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

As stated by the CDB, "The overall project risk can be described as moderate".

Investment Description

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

Caribbean Development Bank (CDB)

The United Kingdom Caribbean Infrastructure Partnership Fund will provide a grant for the project in the amount of USD 66,277,000, and the Government of Guyana will contribute to the project with USD 11,556,000.

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.

The company in charge of construction works is Constructora Queiroz Galvao S.A. (https://www.grupoqueirozgalvao.com.br/), a Brazilian construction company founded in Pernambuco in 1953. It has operations all over Brazil, Latina America, the Caribbean region, and Africa.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Constructora Queiroz Galvao S.A.	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 - Ministry of Public Works:

Vladim Persaud - Permanent Secretary
Email: vpersaud@publicworks.gov.gy
Dionne Amsterdam - Project Coordinator
email: damsterdam@publicinfrastructure.gov.gy
Address: Wight's Lane, Kingston, Georgetown, Guyana
Phone: +5922257420
Website: https://mopw.gov.gy/

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.