Tuvalu Aviation Investment Project Additional Financing II (WB-P157779)

Countries
  • Tuvalu
Where the impacts of the investment may be experienced.
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
Active
Bank Risk Rating
B
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
Mar 31, 2016
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
Ministry of Finance and Economic Development
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Law and Government
  • 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, etc.
Investment Amount (USD)
$ 2.88 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)
$ 2.88 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 @ WB website

Updated in EWS Jul 17, 2017

Disclosed by Bank Dec 9, 2015


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Project Description
This project finances a series of projects designed to ensure that aviation infrastructure meets operational safety requirements including improving aviation infrastructure and introducing aviation safety reform to the Ministry of Transport and Communications.
Investment Description
  • World Bank (WB)
Contact Information
World Bank Contact: Christopher J. De Serio Title: Transport Specialist Borrower/Client/Recipient Name: Ministry of Finance and Economic Development Contact: Limasene Teatu Title: Permanent Secretary Email: Iteatu@gov.tv Implementing Agencies Name: Ministry of Communications and Transport Contact: Taukave Poolo Title: Permanent Secretary Email: tpoolo@gov.tv ACCOUNTABILITY MECHANISM OF 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. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.