Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

PORT VICTORIA REHABILITATION AND EXTENSION

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

News & Stories

Photogallery

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications