Vanuatu Climate Resilient Transport Project Additional Financing II (WB-P181577)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Vanuatu
Geographic location where the impacts of the investment may be experienced.
Specific Location
Vanuatu
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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jun 12, 2024
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 Vanuatu - Ministry of Infrastructure and Public Utilities
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 17.40 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.
Grant Amount (USD)
$ 12.60 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)
$ 30.00 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 @ WB website

Updated in EWS Aug 2, 2024

Disclosed by Bank Apr 16, 2024

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Contact the EWS Team

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 bank's website, the project aims to improve the climate resilience of the Recipient's road network with emphasis on the selected projected road and in the event of and Eligible Crisis or Emergency, to provide an immediate response to it.

The Vanuatu Infrastructure Development Project approved on June 12, 2024, claims to enhance the country's infrastructure through a US$30 million commitment. Managed by the Ministry of Infrastructure and Public Utilities, the project falls under the East Asia and Pacific region. It is classified under environmental category B, indicating moderate environmental impact. The project is currently active and has reached the bank-approved stage. 

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.

Similar to the parent project (VCRTP), the VCRTP- AFII is a category B project under the World Bank Safeguards Policy.
Activities and investments are not likely to cause significant or irreversible environmental impacts, or negative social
impacts. Potential environmental and social (E&S) impacts can be mitigated.

The assessment highlights the following potential impacts, among others: Depletion of geologic resource; Change in river hydrology; River of bank stability; Risk of pollution of river water (water quality); Impacts on terrestrial biodiversithy resources; Risk of impacts to freshwater biota due to adverse impacts on fluvial features such as riffles, pools, eddies, and
runs. 

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

- A PROPOSED ADDITIONAL CREDIT IN THE AMOUNT OF SDR 11.6 MILLION (US$15.3 MILLION EQUIVALENT)
- A PROPOSED SHORTER MATUARITY LOAN IN THE AMOUNT OF SDR 1.6 MILLION (US$2.1 MILLION EQUIVALENT)
- A PROPOSED ADDITIONAL GRANT IN THE AMOUNT OF SDR 9.6 MILLION (US$12.6 MILLION EQUIVALENT)


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.

World Bank
Bowen Wang
Transport Specialist
Fiona J Collin
Senior Transport Specialist

Borrower/Client/Recipient
Republic of Vanuatu
Letlet August
Director General
laugust@vanuatu.gov.vu

Implementing Agencies
Ministry of Infrastructure and Public Utilities
Henry Worek
Acting Director General
hworek@vanuatu.gov.vu

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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How it works