Where the impacts of the investment may be experienced.
Location: Kulhudhuffushi Island, Maldives
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
- Asian Development Bank (ADB)
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.
Board Decision Date: 2016-08-16
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.
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): $ 9.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
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Kulhudhuffushi Harbor Expansion Project
The project will construct a passenger and cargo harbor in Kulhudhuffushi Island, as an expansion to the existing multi-purpose harbor. For the investment in the harbor infrastructure to be effective and sustainable, a TA will be provided and attached to the project to enhance the institutional capacity of the operator in harbor operation, maintenance, safety and financial management. The TA is also designed to help promote income-generating livelihood opportunities for local communities in the region.
PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY
Maldives consists of 1,190 coral islands, formed by twenty natural atolls, scattered over 90,000 square kilometers of territory in the Indian Ocean making it one of the world's most dispersed country in the world. The country's total population is around 402,000 in 2014. Ninety-six percent of the population is distributed across 188 administrative islands, 123 of which are occupied by less than 1,000 people. These unique geographic and demographic characteristics pose major development challenges in the country in terms of infrastructure development as well as provision of basic social services and access to equitable economic opportunities.
Access to services enhanced by 2020
All consultants will be recruited according to ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). A Project Management Consultant (PMC), with a total estimated person-months of 46 (11.5 international, 34.5 national), is required to facilitate the preparation of detailed design, project management and implementation. The consulting firm will be engaged using the quality- and cost-based selection (QCBS) method with a standard quality cost ratio of 90:10.
All procurement of goods and works will be undertaken in accordance with ADB's Procurement Guidelines (2015, as amended from time to time). MHI and ADB have discussed the procurement packages and procedures, and understood that international competitive bidding procedures will be used for civil works contract estimated to cost $2 million or more. Shopping will be used for contracts for procurement of equipment worth less than $100,000.
- Asian Development Bank (ADB)
Grant 0489-MLD: Kulhudhuffushi Harbor Expansion Project
Concessional ordinary capital resources / Asian Development Fund US$ 9.69 million
TA 9155-MLD: Sustainable Harbor Operation and Maintenance
Technical Assistance Special Fund US$ 500,000.00
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main
Responsible ADB Officer Heriawan, Andri
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Ministry of Finance and Treasury
Republic of the Maldives
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