Release date: 30 April 2008
Promoter – Financial Intermediary
Enapor
Location
Description
The project consists of the modernisation and expansion of the ports of Palmeira (on the island of Sal, the main tourist island) and Praia (near the capital city on the main island of Sao Tiago).
Objectives
The project will give a boost to the transport sector and contribute to create a favourable environment through the improvement of facilities essential for Cape Verde imports to cope with the expected increase of internal demand and tourism.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
EUR 103 million.
Environmental aspects
Cape Verde is signatory of the main relevant international treaties and conventions, particularly those related to biodiversity and protection of the environment. It is expected that all the studies have followed best international practice and appropriate mitigation measures have been taken.
Procurement
The main civil works contracts will be tendered internationally and open to contractors worldwide with advertisement in the Official Journal of the European Communities (OJEC)
Status
Signed - 26/09/2008
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).