{"id":21994,"date":"2022-05-05T22:13:53","date_gmt":"2022-05-06T03:13:53","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=21994"},"modified":"2022-05-04T20:16:27","modified_gmt":"2022-05-05T01:16:27","slug":"dominica-to-benefit-from-multi-million-dollar-loans-and-grants-from-cdb","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/dominica-to-benefit-from-multi-million-dollar-loans-and-grants-from-cdb\/","title":{"rendered":"Dominica to benefit from multi-million-dollar loans and grants from CDB"},"content":{"rendered":"

Dominica<\/p>\n

\u00a0<\/p>\n

The Barbados-based Caribbean Development Bank (CDB) is providing more than EC$200 million (One EC dollar=US$0.37 cents) in grant and loan funding to Dominica\u00a0for major infrastructural work on the island<\/a>.<\/p>\n

Prime Minister Roosevelt Skerrit said Dominica will receive EC$132.6 million including a grant of US$32.9 million from Britain for the rehabilitation of the Loubiere to Grand Bay Road network.<\/p>\n

\u201cIt is a major investment and certainly it is topping the EC$127 million that we are currently spending on the east of Dominica with loan funds from the World Bank.\u201d<\/p>\n

He said under the project, Dominica also contracted a US$5.5 million loan from the CDB because there are certain components of the design that had to be left out.<\/p>\n

\u201cSo, we had to contract the loan from the CDB, and we are very grateful to the CDB for making those funds available in a very quick fashion,\u201d he said, adding that the first phase of the project will include the construction of five bridges.<\/p>\n

He said the procurement process is underway and it is hoped construction begins by mid-year.<\/p>\n

Regarding the other major project, Skerrit said it also involves a grant of US$30.3 million from the United Kingdom government with the government and\u00a0the Dominica Water and Sewerage Company Limited (DOWASCO)<\/a>\u00a0providing EC$9.2 million to finance major water projects in the country.<\/p>\n

He said a total of EC$106.7 million will be spent on the water project, adding that the funds were made available to Dominica following the passage of Hurricane Maria in 2017 \u201cand we recognize as a government that our water system was severely exposed to elements and the question is how do we go about building greater resilience in our water system in the event of a disaster\u201d.<\/p>\n

He said when the British offered assistance, the government felt it was not in the interest of Dominica to spend the funds across the island but to focus on the water sector.<\/p>\n

He said all designs for the water strategy development project are complete and the tender documents submitted to the CDB with the hope that the contracts can be awarded by August.<\/p>\n

Prime Minister Skerrit told a news conference Tuesday following talks with CDB president Dr. Gene Leon on his first official visit to the island, that he was \u201cvery much fortified by the discussions and the vision which the new president has for the bank.<\/p>\n

The St. Lucia-born Leon, the sixth president of the region\u2019s premier financial institution, told reporters he hoped that at the end of his five-year term\u00a0his commitment to regional development would be better articulated<\/a>.<\/p>\n

more<\/a><\/p>\n

\u00a0<\/p>\n

image: pexels-andrea-piacquadio<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dominica \u00a0 The Barbados-based Caribbean Development Bank (CDB) is providing more than EC$200 million (One EC dollar=US$0.37 cents) in grant and loan funding to Dominica\u00a0for major infrastructural work on the…<\/p>\n","protected":false},"author":1091,"featured_media":21995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[250],"tags":[182,216],"class_list":["post-21994","post","type-post","status-publish","format-standard","has-post-thumbnail","category-articles","tag-caribbean-development-bank","tag-dominica"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/05\/pexels-andrea-piacquadio-3760067-scaled-e1651713315633.jpg?fit=1024%2C683&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-5IK","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":4976,"url":"https:\/\/projectcalls.com\/dev\/cdb-funds-project-to-assist-with-restoration-of-electricity-in-dominica\/","url_meta":{"origin":21994,"position":0},"title":"CDB funds project to assist with restoration of electricity in Dominica","author":"Michele Marius","date":"March 28, 2018","format":false,"excerpt":"The Caribbean Development Bank (CDB) has announced that it will provide USD16 million (mn) in funding to Dominica Electricity Services Limited (DOMLEC), to assist with the restoration of electricity generation services. On March 22, 2018, the Bank\u2019s Board of Directors approved the provision of a loan of USD15.8 mn and\u2026","rel":"","context":"In "News\/Developments"","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Filament-light-bulbs-illuminated-Burak-Kebapci-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Filament-light-bulbs-illuminated-Burak-Kebapci-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Filament-light-bulbs-illuminated-Burak-Kebapci-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Filament-light-bulbs-illuminated-Burak-Kebapci-Pexels.jpeg?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8858,"url":"https:\/\/projectcalls.com\/dev\/funds-secured-for-two-geothermal-turbines-says-vince-henderson\/","url_meta":{"origin":21994,"position":1},"title":"Funds secured for two geothermal turbines says Vince Henderson","author":"Michele Marius","date":"April 11, 2019","format":false,"excerpt":"Senior Advisor to the Dominica Geothermal Development Company (DGDC), His Excellency Dr. Vince Henderson has said that the financing package for Dominica\u2019s Geothermal Program has been secured. The financing package, which includes $22 million in grants, was approved by the World Bank. \u201cOn March 15th the executive board of the\u2026","rel":"","context":"In "News\/Developments"","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2019\/04\/Chile-andes-gyeyser-water-vapour-hbieser-Pixabay.jpg?fit=1200%2C794&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2019\/04\/Chile-andes-gyeyser-water-vapour-hbieser-Pixabay.jpg?fit=1200%2C794&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2019\/04\/Chile-andes-gyeyser-water-vapour-hbieser-Pixabay.jpg?fit=1200%2C794&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2019\/04\/Chile-andes-gyeyser-water-vapour-hbieser-Pixabay.jpg?fit=1200%2C794&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2019\/04\/Chile-andes-gyeyser-water-vapour-hbieser-Pixabay.jpg?fit=1200%2C794&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":15401,"url":"https:\/\/projectcalls.com\/dev\/cdb-idb-sign-us50-million-loan-for-covid-19-response-in-the-oecs\/","url_meta":{"origin":21994,"position":2},"title":"CDB, IDB sign US$50 million loan for COVID-19 response in the OECS","author":"Michele Marius","date":"February 9, 2021","format":false,"excerpt":"The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) today signed a US$50 million loan agreement to support COVID-19 response projects in the\u00a0Organisation\u00a0of Eastern Caribbean States (OECS) Member States. 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The funding, which the Bank is providing over the next five\u2026","rel":"","context":"In "News\/Developments"","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/02\/Hurricane-skeeze-Pixabay.jpg?fit=1024%2C679&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21785,"url":"https:\/\/projectcalls.com\/dev\/new-phase-of-procurement-reform-in-the-eastern-caribbean\/","url_meta":{"origin":21994,"position":4},"title":"New phase of procurement reform in the Eastern Caribbean","author":"Mayra Bonilla Lopez","date":"April 21, 2022","format":false,"excerpt":"\u00a0 A new phase of the Caribbean Development Bank\u2019s (CDB\u2019s) public procurement reform programme has started in the Eastern Caribbean. The CDB, which is helping countries in the Eastern Caribbean to increase efficiency and effectiveness in government procurement, has transitioned to its second stage, which includes finalising legal reforms and\u2026","rel":"","context":"In "Articles"","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/04\/pexels-mike-1174136-scaled-e1650501945623.jpg?fit=1024%2C769&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/04\/pexels-mike-1174136-scaled-e1650501945623.jpg?fit=1024%2C769&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/04\/pexels-mike-1174136-scaled-e1650501945623.jpg?fit=1024%2C769&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/04\/pexels-mike-1174136-scaled-e1650501945623.jpg?fit=1024%2C769&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/21994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/users\/1091"}],"replies":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/comments?post=21994"}],"version-history":[{"count":1,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/21994\/revisions"}],"predecessor-version":[{"id":21996,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/21994\/revisions\/21996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media\/21995"}],"wp:attachment":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media?parent=21994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/categories?post=21994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/tags?post=21994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}