Government
of
Saint Vincent and the Grenadines
Regional Disaster Vulnerability Reduction Project (RDVRP)

Overview

The SVG RDVRP is an amalgamation of the Disaster Vulnerability Reduction Project, the Climate Investment Funds-financed Pilot Programme for Climate Resilience (PPCR) and the European Union (EU) 11th European Development Fund: B-envelope. The RDVRP, with a budget of USD 20.9 million, was declared effective by the International Development Association (World Bank) on October 18, 2011, and was being implemented over a five-year period that ended on December 31, 2016. In the wake of the December 24-25, 2013 floods disaster, the government successfully negotiated additional financing in the amount of USD 47.3 million for the project.

The project’s close date has been extended to December 31, 2018 and is financed through:

PPCR Grants: USD 12 million
Concessional loans (Strategic Climate Fund): USD 3 million
World Bank Credits: USD 46.52 million
EU Grant: USD 6.7 million

The project’s financing is USD 68.22 million, and will fund four mutually reinforcing components:

  1. Prevention and Adaptation Investments
  2. Regional Platform for Hazard and Risk Evaluation and Application of Improved Decision-making
  3. Natural Disaster Response Investments
  4. Project Management and Implementation Support

Under the expanded portfolio, interventions would include additional slope stabilization, road realignment, river training, bridge rehabilitation, coastal protection and jetty rehabilitation works to repair vulnerable segments of the transportation infrastructure.

The RDVRP is being implemented by the Public Sector Investment Programme Management Unit of the Ministry of Finance, Economic Planning, Sustainable Development and Information Technology.

 

Invitation to bid

Saint Lucia - Disaster Vulnerability Reduction Project

 

Publications

  

External Link

SVG Credit Analysis

Budget Address 2018

Carcip Project

Energy Unit