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Nauru Project Notice - Sustainable And Climate-Resilient Connectivity Project - Additional Financing


Project Notice

PNR 47496
Project Name Sustainable and Climate-Resilient Connectivity Project - Additional Financing
Project Detail The new port will provide the sheltered shoreside berthing facilities and year-round maritime transport operations that Nauru has lacked, and greater protection against the future effects of climate change. Average berthing stays will be reduced from about 21 days to 3 days for container ships, and from 4 days to 1 day for fuel tankers. The improved climate-resilient port facilities will attract higher numbers of international fishing vessels, which will increase Naurus revenues from transshipment operations. More shipping lines will be willing to include Nauru on their routes once it has a safer and more reliable port. This will open new opportunities for the country to expand its exports, diversify its economy, and compete with other regional transshipment hubs. Project Name Sustainable and Climate-Resilient Connectivity Project - Additional Financing Project Number 48480-004 Country / Economy Nauru Project Status Approved Project Type / Modality of Assistance Grant Source of Funding / Amount Grant 0833-NAU: Sustainable and Climate-Resilient Connectivity Project - Additional Financing Asian Development Fund US$ 15.00 million Strategic Agendas Environmentally sustainable growth Inclusive economic growth Regional integration Drivers of Change Gender Equity and Mainstreaming Knowledge solutions Partnerships Private sector development Sector / Subsector Transport / Water transport (non-urban) Gender Equity and Mainstreaming Effective gender mainstreaming Description The new port will provide the sheltered shoreside berthing facilities and year-round maritime transport operations that Nauru has lacked, and greater protection against the future effects of climate change. Average berthing stays will be reduced from about 21 days to 3 days for container ships, and from 4 days to 1 day for fuel tankers. The improved climate-resilient port facilities will attract higher numbers of international fishing vessels, which will increase Naurus revenues from transshipment operations. More shipping lines will be willing to include Nauru on their routes once it has a safer and more reliable port. This will open new opportunities for the country to expand its exports, diversify its economy, and compete with other regional transshipment hubs. Project Rationale and Linkage to Country/Regional Strategy The ongoing project comprising a $21.3 million grant from Special Funds resources of the Asian Development Bank (ADB), and ADB-administered grants of $26.91 million from the Green Climate Fund and the equivalent of $14.08 million from the Government of Australia, was approved by ADB on 25 January 2018. The ongoing project has three outputs: (i) construction of new climate-resilient port infrastructure, including a wharf, a berth pocket, and a breakwater; and reconstruction of port buildings, a container storage area, and port security facilities; (ii) setting up a revolving maintenance fund to be used exclusively to fund the maintenance of the assets that the project will provide; and (iii) support for the government and the Nauru Maritime and Port Authority (NMPA) in carrying out port reforms financed through ongoing ADB technical assistance (TA). Impact Sustainability and quality of life of all Nauruans improved. Project Outcome Description of Outcome Efficiency, reliability, and climate-resilience of Aiwo port improved. Progress Toward Outcome Implementation Progress Description of Project Outputs Climate-proofed port infrastructure constructed Sustainable operations and maintenance achieved Efficient port operations established
Funded By Asian Development Bank (ADB)
Sector Entertainment
Country Nauru , Micronesia
Project Value AUD 152,000,000

Contact Information

Company Name Asian Development Bank (ADB)
Web Site https://www.adb.org/projects/48480-004/main

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