Additional Financing for Maritime Investment in Climate Resilient Operations II (WB-P181595)

Countries
  • Tuvalu
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nanumanga, Nukufetau, Nanumea and Funafuti
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
A
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
May 15, 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 Tuvalu - Ministry of Public Works, Infrastructure Development and Water, and other
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • 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.
Investment Amount (USD)
$ 42.00 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.
Project Cost (USD)
$ 88.50 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 Mar 13, 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 objective of this project is to improve the climate resilience and safety of maritime sector in Tuvalu, and in case of an eligible crisis or emergency, respond promptly and effectively to it.

Components
Component 1: Sectoral and Spatial Planning Tools
Component 2:Integrated Climate Resilient and Safe Maritime Sector Solutions
Component 3:Strengthening Maritime Sector Capacity in Tuvalu
Component 4: Contingency Emergency Response
Component 5: Central Project Management Office

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.

The Environmental Risk is Substantial due to adverse environmental risks, which include changes to coastal hydrology and sediment transport, sedimentation and damage to coral through the completion of in-water works that cause a medium probability of resulting in longer-term impacts.

The Project social risk is rated 'Substantial'. The social risks are identifiable and include: i) risks as a result of an influx workforce on small remote island communities, ii) land acquisition for temporary construction sites and permanent shoreside infrastructure (such as terminals), road improvements and stockpiles, iii) construction-phase health, safety and SEA/SH risks as a result of activities, iv) operational phase risks may include increases to the availability of store bought (highly processed) food with impacts on public health. Project activities will take place in isolated locations which are difficult to supervise, and Covid-19 related travel limitations means that Bank supervision is likely to remain limited for some time.

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

A PROPOSED ADDITIONAL GRANT IN THE AMOUNT OF SDR 31.8 MILLION (US$42 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

Satoshi Ogita
Senior Transport Specialist

Borrower/Client/Recipient

Tuvalu
Panapasi Nelesone Hon.
pnelesone@gov.tv

Implementing Agencies

Ministry of Finance and Economic Development

Ministry of Public Works, Infrastructure Development and Water
Ampelosa Tehulu
Hon.
atefulu@gov.tv

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

How it works

How it works