Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 05-Oct-2018

Additional financing of US$31 million has been approved by the World Bank to an ongoing project from the International Development Association for building resilient infrastructure and strengthening the governments capacity to manage disaster risks in the Eastern Caribbean island of Dominica, which was hit by Hurricane Maria just over a year ago.

World Banks Country Director for the Caribbean, Tahseen Sayed said, This is an opportunity for Dominica to build back better in line with its priority for climate-smart investments. This will help reduce the islands future vulnerabilities due to its location on the hurricane corridor. This additional financing will improve access to the eastern part of the country and contribute to the economic regeneration for the region.

The Dominica Disaster Vulnerability Reduction project has started the rehabilitation of the East Coast road and construction of the West Coast Water Tanks. The road provides an alternative route to the main airport in Melville, which is critical to improve mobility on the island.

Up to 3,000 families will benefit from improved access to water through the tanks. Additional hazard risk mapping and assessments will also be conducted and the building of a hydrometeorological network is expected to be completed in the coming months.

The devastating losses and damages in infrastructure following Tropical Storm Erika in 2015 and Hurricane Maria in 2017 highlighted the need to strengthen the climate resilience of the East Coast road, and enhance the water distribution system and access roads for the Western Coast tanks.

This project is part of a larger US$115 million package of support from the World Bank for hurricane response. The package includes financing in concessional terms and US$50 million in grant financing from the International Development Associations (IDA) Crisis Response Window.

About World Bank

The World Bank is a vital source of financial and technical assistance to developing countries around the world. They are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

The organisation offer support to developing countries through policy advice, research and analysis, and technical assistance. Their analytical work often underpins World Bank financing and helps inform developing countries own investments. In addition, they support capacity development in the countries they serve.

To ensure that countries can access the best global expertise and help generate cutting-edge knowledge, the Bank is constantly seeking to improve the way it shares its knowledge and engages with clients and the public.

World Bank also provide or facilitate financing through trust fund partnerships with bilateral and multilateral donors. Many partners have asked the Bank to help manage initiatives that address needs across a wide range of sectors and developing regions.

The World Bank Group has set two goals for the world to achieve by 2030: End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3% and Promote shared prosperity by fostering the income growth of the bottom 40% for every country.

Go to previous page