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
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B

Country

Barbados

Sector

Transport

Status

Proposed

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
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12/13/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Taylor, Alicia

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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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

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Karen Forde

POSITION

Chief Financial Officer

PHONE NUMBER

tbc

EMAIL

kforde@barbadosport.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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