Company name
Barbados Port Inc
Project number
14358-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Barbados
Sector
Transport
Status
In implementation
Disclosed date
11/03/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/13/2022
Approval date
12/09/2022
Signed date
12/29/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 40,000,000
Currency
USD
Project scope and objective
The Port of Bridgetown Barbados (“BPI”, the “Port” or the “Borrower”) is a combined facility which operates two functions through one port of entry: cruise tourism and cargo operations. BPI, a state-owned entity, is planning to undertake the following activities (the “Project”): the separation of its berths which currently service both operations via the construction of an additional berth (Berth 6) for cargo operations and the purchase of equipment. IDB Invest will therefore provide a corporate loan to BPI for the development of this cargo berth and purchase of equipment.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
kforde@barbadosport.com
PHONE NUMBER
tbc
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BPI BERTH 6 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
308.4 Kb
BPI BERTH 6 ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
115.1 Kb