Regional Disaster Vulnerability Reduction Project (RDVRP)

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 and the Climate Investment Funds-financed Pilot Programme for Climate Resilience (PPCR). The RDVRP, with a budget of US$20.9 million, was declared effective by the World Bank on September 9, 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 flood disaster, the government successfully negotiated additional financing in the amount of US$40.6 million for the project.

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

PPCR Grants: US$12 million
Concessional loans (Strategic Climate Fund): US$3 million
International Development Association (World Bank) Credits: US$46.52 million

The project’s financing is now US$61.52 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 and bridge 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 Central Planning Division, Ministry of Finance and Economic Planning.

 

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External Link