Improving Connectivity and Urban Infrastructure in Cabo Verde (WB-P178644)

Countries
  • Cape Verde
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 21, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Cape Verde
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Dec 23, 2023

Disclosed by Bank Dec 24, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the development objective of Improving Connectivity and Urban Infrastructure in Cabo Verde Project is to improve access to climate-resilient transport and urban infrastructure for selected project areas in the recipient's territory. This project has five components. 1) The first component, Enhancing Resilient Urban and Community Infrastructure, aims to rehabilitate public spaces and upgrade key public assets to maximize climate change adaptation and low-carbon economic development. 2) The second component, Enhancing Transport Connectivity and Resilience, aims to finance climate-informed rehabilitation and upgrading of inter-city and rural roads, with the objective of ensuring reliable all-season connectivity and access to transport services and reduce transport costs in project areas in Cabo Verde. 3) The third component, Technical Assistance, aims to provide support for capacity building and technical assistance activities for improved, climate resilient low-carbon integrated urban and transport planning, intermodal connectivity, and transport asset management. 4) The fourth component, Project Management, aims to provide support for the management and implementation of the proposed project. 5) The fifth component, Contingent Emergency Response Component (CERC), aims to provide an immediate response to an eligible crisis or emergency, as needed, by financing the implementation of emergency infrastructure rehabilitation and reconstruction.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank

Vincent Vesin, Felipe Montoya Pino, Shruti Vijayakumar
Senior Transport Specialist

Borrower/Client/Recipient

Republic of Cabo Verde

Implementing Agencies

Unidade de Gestão de Projectos Especiais, UGPE
Nuno Gomes
Director UGPE
nuno.gomes@mf.gov.cv

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works