The Bahamas: IDB Loan to Enhance Coastal Risk Management

With a $35 million loan from the Inter-American Development Bank (IDB), The Bahamas will seek to build the country’s resilience to coastal risks through sustainable coastal protection, including natural infrastructure and integrated management of the coast.

The program will finance shoreline stabilization and coastal flooding control measures on Grand Bahama Island, Central Long Island, and New Providence Island, IDB said.

The project will also fund natural infrastructure for hazard resilience through the restoration of coastal natural habitats on Andros Island. The project will support institutional strengthening for Bahamas’ coastal risk management efforts.

According to IDB, $23.5 million is being targeted to increase resilience to coastal hazards through science-based shoreline stabilization and coastal flooding control measures coupled with sustainable rehabilitation of adjacent critical public infrastructure at three priority sites on East Grand Bahama Island, Central Long Island, and Nassau/Junkanoo Beach on New Providence Island, $3 million is being allocated to enhance the resilience of Andros Island communities to coastal hazards and climate-related impacts through implementation of pilot projects that demonstrate the effectiveness of natural habitat restoration for coastal protection in line with the island’s master plan.

An additional $3.5 million will fund the institutional strengthening of The Bahamas’ Ministry of Public Works and partners for coastal risk management and integrated planning activities.

The IDB’s loan is for a 24-year term, including a 6.5-year grace period, at a LIBOR-based interest rate.

 

Share this article

Follow Dredging Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply