Federated States of Micronesia Maritime Investment Project (WB-P163922)

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
Proposed
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.
Borrower
Government of Micronesia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
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)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 11, 2019

Disclosed by Bank Feb 12, 2018


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Project Description

According to the bank documents, the project will use the programmatic preparation advance (PPA) funds to prepare the necessary technical, economic, environmental , social and design studies for the project. Expected PPA activities include: (i) identifying and estimating costs, conducting economic evaluations, prioritizing investments and preparing bid documents for investments at one or more of FSM’s principal ports; (ii) determining shortcomings and recommending measures to strengthen institutional and regulatory arrangements at the national and state-levels; (iii) undertaking stakeholder engagement and consultations and preparing safeguards documents; and (iv)funding a consultant to oversee project preparation.

Investment Description
  • World Bank (WB)
Contact Information
World Bank
James A. Reichert, Sean David Michaels
Senior Infrastructure Specialist

Borrower/Client/Recipient
Department of Finance and Administration
Mrs. Sihna Lawrence
Secretary
sofafsmng@mail.fm

Implementing Agencies
Department of Transportation, Communication & Infrastructure
Francis Itimai, Secretary
itimaif@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.