CDB provides US$29m for Irma damage in Antigua & Barbuda

Friday, December 15, 2017

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BRIDGETOWN, Barbados (CMC) — The Barbados-based Caribbean Development Bank (CDB) says it has approved US$29 million in funding to the Antigua and Barbuda government to assist with recovery efforts after the passage of Hurricane Irma in September.

The bank said the funds will be used to rehabilitate and reconstruct critical infrastructure in the transportation, education, water and sanitation, and agriculture sectors.

Hurricane Irma impacted the twin-island nation on September 6, making landfall in Barbuda as a Category 5 hurricane, destroying housing, crops, livestock and fishing vessels, and also severely impacted the island's water supply.

“The destruction caused by Hurricane Irma adversely impacted the lives of many citizens of Antigua and Barbuda. At CDB, we worked very closely with our in-country counterparts to develop the interventions captured in this project, which will support the Government's efforts towards a comprehensive and sustainable approach to the redevelopment process, as it aims to 'build back better.

“We expect the project to significantly contribute to the restoration of livelihoods that were adversely impacted by the passage of the hurricane. The outcome for Antigua and Barbuda will not only be more resilient infrastructure but also more resilient institutions and people,” said Director of Projects at CDB, Daniel Best.

The bank said the project has several components including reconstruction of 11km of road as well as the reconstruction and rehabilitation of education institutions in both Antigua and Barbuda and construction of teacher accommodation in Barbuda.

CDB said it had previously provided a US$200,000 Emergency Relief Grant and an Immediate Response Loan in the amount of US$750,000 in the aftermath of Hurricane Irma.

In addition, the bank has approved a loan of US$11.8 million to assist the government in meeting its financial obligations to external partners.

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