Early Warning System

Countries

Montserrat

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

Specific Location

Little Bay (Montserrat)

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, 2017

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 Montserrat

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)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Grant Amount (USD)

$ 36.80 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)

$ 46.00 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

Primary Source

Original disclosure @ CDB website

Updated in EWS Oct 20, 2023

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Can you contribute information about this project?
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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 improve the efficiency, effectiveness and resilience of the port facilities to provide a safe harbour and enhanced accessibility to all users in Montserrat.
More specifically, as stated by the Bank, it will develop new port facilities in Little Bay, providing a safe, climate-resilient harbour, which will improve accessibility to the island. The infrastructure works will include the construction of an offshore jetty, new access road, dredging works, and slope stabilisation. During implementation there will be a strong emphasis on preserving environmental assets, such as the bat colony and the marine habitat.

Investment Description

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

Caribbean Development Bank (CDB)

The UKCIF grant was increased from £14.5mn (US$18.8mn) to £28.3mn (US$36.8mn) by the UK Foreign, Commonwealth and Development Office in January 2022.

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 of Infrastructure Partnerships
Email: dupigna@caribank.org

Implementing Agency - Ministry of Communications, Works and Labour (Public Works Department):

Rolando Kassie - Project Coordinator (Ag)
Email: kassier@gov.ms
Dion Weekes - Project Coordinator
Email: weekesd@gov.ms
Address: Government Headquarters, Brades, Montserrat, MSR1110
Phone: +1 664-491-3108
Website: https://www.gov.ms/

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.