First Additional Financing to the Cabo Verde Transport Sector Reform Project (WB-P161248)

Countries
  • Cape Verde
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
U
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
Jun 27, 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
Government of Cape Verde
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 27.00 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)
$ 27.00 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 Nov 28, 2017

Disclosed by Bank Mar 1, 2017


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Project Description
Component 1: Road Asset Preservation. This component comprises two subcomponents: (a) performance-based contracts; and (b) emergency small scale road repairs Subcomponent 1.1: Performance-based contracts. This subcomponent will finance the carrying-out under performance-based maintenance contracts (PBMC) of (a) rehabilitation works; and (b) routine maintenance including emergency works. The roads selected for PBMC will be prioritized based on an economic analysis (costs-benefits analysis; cost-effectiveness method; multi-criteria analysis). In addition, the rehabilitation will be an upgrading of dirt roads into cobblestone roads or a rehabilitation of cobblestone roads. As much as possible, the road will not be widened to minimize land acquisition. The number of jobs created and the volume of revenues distributed through the use of cobblestones will be closely monitored. Subcomponent 1.2: Emergency works. This subcomponent will finance the carrying-out of small-scale rehabilitation works on the national road network as emergency repairs that are not covered under the Component 2: Institutional Strengthening and Project Management. This component will finance: (a) training and capacity building activities for the entities involved in the implementation of the project; (b) the operating costs of the PCU including audits Component 4: Inter-island Transport Strategy. This component will finance studies and technical assistances related to the following: (a) increasing the efficiency and efficacy of the road maintenance funds (FAMR); (b) improving the resilience of the road network to climate change by defining adequate mitigation and adaptation measures; (c) analyzing the trade and logistic performance of Cabo Verde; (d) defining, adopting, and implementing strategies and action plans to put in place a safe, efficient, and reliable inter-island maritime transport; (e) defining, adopting, and implementing strategies and action plans to reform and/or privatize efficiently transport SOEs of which TACV.
Investment Description
  • World Bank (WB)
Contact Information
Name:Project Coordination Unit Contact:LĂșcio Title:Spencer Email:Lucio.Spencer@meim.gov.cv 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.