Company name
Abaco Caribbean Holdings Ltd
Project number
15403-01
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
Bahamas
Sector
Transport
Status
Hold
Disclosed date
02/10/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/29/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
Bahamas Striping Group of Companies
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 22,000,000
Currency
USD
Project scope and objective
IDB Invest is looking to finance approximately US$22 million through a revolving working capital facility to support Abaco Caribbean Holdings., a Bahamian company, and its shareholders, The Bahamas Group of Striping Companies. This financing will be directed towards the West Grand Bahama Road Improvement project, which seeks to enhance connectivity, safety, and the overall travel experience across Grand Bahama. The Project involves the rehabilitation of asphalt paving of 51 miles of highway and 47 miles of settlement roads, with an estimated cost of US$185 million.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
vwilliams@bahamasstriping.com
PHONE NUMBER
242-477-1440
POST OFFICE ADDRESS
Bahamas Striping Group of Companies, #2C Abundant Life Road, Nassau, N. P. The Bahamas
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
Request informationLearn more about how we provide private-sector solutions in the region .
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.
GRAND BAHAMA - ENVIRONMENTAL AND SOCIAL ACTION PLAN - ESAP
112.6 Kb
GRAND BAHAMA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY - ESRS
204.8 Kb