Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Tuvalu
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
Status: Active
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.
Board Decision Date: 2016-11-16
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.
Borrower or Client: Government of Tuvalu
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
  • Transport
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 11.30 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): $ 13.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-08-02
Disclosure Date: 2016-09-30
Outer Island Maritime Infrastructure Project
ADB-48484-002

Project Description
The project will help Tuvalu overcome connectivity constraints between the capital and outer islands, and promote economic and social development that is more inclusive and sustainable. It will improve maritime facilities in the three outer islands of Nukulaelae, Nanumaga, and Niutao as well as strengthen the government’s capacity in operation and maintenance (O&M) and develop a transport sector master plan. Outputs The outputs will be (i) a small-scale harbor constructed in Nukulaelae and the boat ramps of Nanumaga and Niutao rehabilitated; (ii) the capacity to operate and maintain harbors improved, involving the outer islands communities, MCT, and other relevant national government agencies; and (iii) a transport sector master plan for future harbor development in the outer islands created, with a view to promote fisheries and tourism.
Investment Description
GEF-Least Developed Countries Fund US$ 500,000.00
Contact Information
Ministry of Communication and Transport Vaiaku, Funafuti, Tuvalu 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
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