P2: Palau-FSM Connectivity Project: AF Kosrae Connectivity (WB-P161363)

Countries
  • Micronesia
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
Approved
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
May 31, 2017
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
Federated States of Micronesia, Department of Finance and Administration
The holder of the loan, grant, or other investment.
Sectors
  • Communications
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)
$ 16.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 16.20 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)
$ 16.21 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 20, 2017

Disclosed by Bank Jan 1, 2017


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Project Description
According to World Bank website, rhe development objective of the Second Phase of Pacific Regional Connectivity Program Project for Micronesia is to reduce the cost, and increase the availability of, information and communication technology services needed to support social and economic development in the recipient’s country. The additional grant will help finance the costs associated with the restructuring and scaling up of the project as follows: (a) modification of Component one C of the project to finance the costs to the FSM of its share of the proposed East Micronesia Cable (EMC) system that will connect Kiribati (Tarawa), Nauru and FSM (Kosrae) to Guam via the existing HANTRU-one cable system and landing point in FSM (Pohnpei), including ancillary works, equipment and facilities; (b) scaling up of component two of the project to provide additional technical assistance to FSM for Project advisory services; and (c) scaling up of component three of the project to support additional project management and administrative support services to strengthen the capacity of the Government of FSM to deliver these new and additional activities.
Investment Description
  • World Bank (WB)
Contact Information
Team Leaders: James L. Neumann, Natasha Beschorner No contact information provided at the time of disclosure. Borrower: Department of Finance and Administration Sihna Lawrence, Secretary Telphone No.: 691-320-2640 Email Address: sofafsmng@mail.fm 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.