Sustainable Transport and Renewable Energy-Powered Electromobility Support to Jamaica (IADB-JA-T1172)

Countries
  • Jamaica
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 16, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Jamaica
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • 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, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.56 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Nov 1, 2019


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Project Description

The general objective of this TC is to provide support to the Government of Jamaica (GoJ) as it takes concrete steps to encourage early adoption of electric vehicles and promote renewable energy (RE) investments that reduce the cost of electricity and curtail carbon emissions in the transport sector. The specific objectives of this TC are to: (i) establish an Electromobility Strategic Framework for Jamaica , (ii) recommend a fiscal regime to support Electromobility, (iii) recommend appropriate standards, regulation and tariff structure for electric charging infrastructure infrastructure, (iv) provide inputs towards a National Emissions Policy, (v) provide recommendations for the electrification of public sector fleet , (vi) support training and communications, (vii) support Electromobility coordination with other donors and the private sector, and (viii) support international and regional dialogue and visibility of Jamaica's efforts on Electromobility and other energy and climate change initiatives

Investment Description
  • Inter-American Development Bank (IADB)

Japan Special Fund

Contact Information

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).