📋 Tender Overview
Project ID: P176313
Region: Africa west
The WACA-ReSIPParent Projectis financed through US$120 million IDA credits, US$70 million IDA grants, including a US$12million grant for regional institutions. In addition, US$20.25 million Global Environment Facility (GEF) grants, and US$11.45 million in counterpart funding, for a total of US$221.70 million. The total financing covers six countries (Benin, Cote d’Ivoire, Mauritania, Sao Tome and Principe, Senegal and Togo) and benefits four regional institutions (West African Economic and Monetary Union-WAEMU, International Union for Conservation of Nature –IUCN, Abidjan Convention –ABC and the Centre de Suivi Ecologique –CSE). The WACA-ReSIP was Board approved on April 9, 2018 and declared effective on July 20, 2018. Since then, the WACA-ResIP has benefitted from a supplemental financing of US$6 million from the GEFfor Sao Tome on December 1, 2020, bringing the total amount to US$227.70 million.The project aims to enhance the absorptive, adaptive, and transformative capacities of the beneficiary countries and to reduce the shared risks to which they are exposed, either natural or man-made, and that are similar for all or most countries or transboundary in nature. The WACA-ReSIP has four components under implementation in the six above-mentioned countries and within regional institutions as follows: 1) Strengthening Regional Integration; 2) Strengthening the Policy and Institutional Framework; 3) Strengthening National and Physical and Social Investments; and 4) National Coordination. This AF will only apply to Component 3.For the Benin-Togo transboundary areas, the CMU made the decision on December 16, 2020, to provide an additional US$36 million (US$12 million national IDA and US$24 million regional integration IDA) for the cost-overrun associated with the investments in the transboundary area. This follows the Benin-Togo transboundary committee’s approval of the feasibility studies showing a total financing need of US$110 million, and for which the project only had US$74 million available. The only change that the proposed Additional Financing would bring to the Parent Project, would be an increase in amount under Component 3 (sub-component 3.1: Physical Investments). Other than that, there will be no change in the closing date, implementation arrangements, environmental and social safeguards policies, risks, and results framework. The proposed AF will continue to adopt the ecosystem, community-based, approach used by the parent project toward the planning, development, and management of the coastal zones in a consultative manner that addresses the multiplicity of societal needs and environmental constraints. It aims to achieve its objective by reducing existing risk through financinggreen and grey infrastructure for coastal defense and coastal adaptation while also preventing future riska
