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    Reference: 20080432
    Release date: 2 October 2017

    Promoter – Financial Intermediary

    Seychelles Port Authority (SPA)

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 18 million

    Total cost (Approximate amount)

    EUR 35 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 5/03/2018

    Disclaimer

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

    Related tags

    Seychelles Transport