Vanuatu Aviation Investment Project Additional Financing (WB-P161454)

Countries
  • Vanuatu
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
Jan 10, 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
Ministry of Finance and Economic Management, Ministry of Infrastructure and Public Utilities
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 14.00 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)
$ 14.00 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 Oct 22, 2017

Disclosed by Bank Oct 27, 2016


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Project Description
According to WB website, the development objective of the Aviation Investment Project for Vanuatu is to improve operational safety and oversight of international air transport and associated infrastructure in Vanuatu. The additional financing will be used for additional activities in two components: Component 1. International airport infrastructure investments to invest in international aviation infrastructure to meet and maintain minimum International Civil Aviation Organization (ICAO) safety and security standards at Vanuatu’s three international airports: Bauerfield, Whitegrass, and Pekoa airports. Component 2. Project implementation support finance to the complexity and intensified urgency of the project resulting from recent delays.
Investment Description
  • World Bank (WB)
Contact Information
Team Leader: Christopher R. Bennett Lead Transport Specialist, World Bank Borrower/Client/Recipient: Ministry of Finance and Economic Management Tony Sewen, Director General Email Address: tsewen@vanuatu.gov.vu Implementing Agency: Ministry of Infrastructure and Public Utilities Johnson Binaru, Director General Email Address: biauma@vanuatu.gov.vu 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.