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    Signature(s)

    Amount (.*)
    € 17,500,000
    Countries
    Sector(s)
    Seychelles : € 17,500,000
    Transport : € 17,500,000
    Signature date(s)
    1/08/2018 : € 5,000,000
    5/03/2018 : € 12,500,000
    (*) Including a € 5,000,000 Investment Grants provided by the AFRICA INVESTMENT PLATFORM

    Summary sheet

    Release date
    2 October 2017
    Status
    Reference
    Signed | 05/03/2018
    20080432
    Project name
    Promoter - financial intermediary
    PORT VICTORIA REHABILITATION
    Seychelles Port Authority (SPA)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 18 million
    EUR 35 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of the rehabilitation and expansion of the commercial port within Port Victoria. This facility is in a state of serious disrepair and has insufficient berthing and yard space to operate efficiently and to meet future needs. The works will include detailed design and construction of a new quay offset from the existing quay, demolition as necessary of the existing quay, extension of the port yard area and dredging.

    The expansion of the port is expected to have a substantial impact on Seychelles' economic competitiveness, employment creation, sustainable growth and local trade and industry. The project will also pave the way for future private sector involvement, by providing an adequate and efficient infrastructure.

    Environmental aspects
    Procurement

    An Environmental and Social Impact Assessment (ESIA) has been prepared for the project in accordance with Seychelles Environmental Protection Act No. 9 (1994) and has been approved by the Seychelles Government. The approval contained a number of conditions related to earthworks, dredging, water quality, waste management and pollution control. It also requires SPA to prepare and implement a Project Implementation Plan and Construction Environment Management Plan prior to commencement of construction, to be submitted to the Ministry of Environment.

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement. All tenders are to be open and transparent with publication of tender notices in the Official Journal of the European Union, as and where required.

    Related projects
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - PORT VICTORIA REHABILITATION AND EXTENSION
    Publication Date
    16 Jun 2021
    Document language
    Main Topic
    Lending
    Document Number
    78148162
    Document Focus
    Environmental Information
    Project Number
    20080432
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - PORT VICTORIA REHABILITATION
    Publication Date
    1 Jul 2021
    Document language
    Main Topic
    Lending
    Document Number
    77682555
    Document Focus
    Environmental Information
    Project Number
    20080432
    Sector(s)
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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