Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Nauru
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Green Climate Fund (GCF)
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 or Client: Government of Nauru
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): $ 26.91 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD): $ 26.91 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): $ 65.20 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 @ GCF website
Updated in EWS: 2017-11-16
Sustainable and Climate Resilient Connectivity for Nauru
GCF-FP052

Project Description
Constructing a climate-resilient, year-round port for Nauru, preserving the vital sea-link for its 11,300 population deep in the Pacific. Constructing a climate-resilient port that can operate year-round will provide the basis for regional and international maritime transport. The rehabilitation and climate-proofing of the existing infrastructure will be combined with supporting reforms of the Nauru Port Authority to assure long-term viability of the investment. The upgraded port infrastructure will feature a channel for oceangoing ships, a wharf with a turning berth, a breakwater to shelter the wharf and berth from waves, and other facilities.
Investment Description
Co-Financing: Asian Development Bank's Grant USD 20.7 M Government of Australia's Grant USD 13.5 M Government of Nauru's Grant USD 4.1 M
Contact Information
Ms. Angelique Dawn A. Badelles Tel: +63-2-632-5704 adb-gcf@adb.org Mr. Christian Ellermann Tel: +63-2-632-4564 adb-gcf@adb.org ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.
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