Marshall Islands Agreement Signed

Javier Manzanares and Laura Tuck

Green Climate Fund (GCF) Executive Director a.i., Javier Manzanares and Laura Tuck, World Bank Vice President for Sustainable Development have signed a project agreement to build the resilience of the Marshall Islands, which is facing an increased force of tropical storms that threaten its sustainability.

Manzanares commented: “The Pacific Resilience Project is critical to the future of the Marshall Islands and its people. GCF prioritizes support to Small Island Developing States (SIDS), which are so vulnerable to the impacts of climate change.

This is the first official signing of a project-level agreement between the Green Climate Fund and the World Bank”, said Laura Tuck Vice President for Sustainable Development, World Bank. “We’re particularly pleased that this is focused on climate resilience for one of the world’s most vulnerable island countries.

The Pacific Resilience Project Phase II for Republic of the Marshall Islands (RMI) will support this low-lying nation in protecting its population against the impact of the increasing intensity of Pacific cyclones.

The project will improve resilience to the increasing risk from changes in waves and storm surge through new coastal protection measures. It will be co-financed by GCF and the International Development Association (IDA) of the World Bank.

GCF will provide a grant of $25 million, matched by a direct grant from IDA of $19.631 million and an additional $4 million through an IDA regional grant.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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