Maldives: Preparing Business Strategy for Port Development

Sovereign Project | 47283-001

Summary

This CDTA will develop a financing strategy and business case for a new port and redevelopment of the existing Male Commercial Harbour (MCH) site. A key component of this CDTA is also to conduct robust analyses to facilitate the Government's engagement with industry and potential co-financiers to develop a viable financing and implementation strategy, taking into consideration phasing of developments and risk allocations. The CDTA would also undertake preliminary feasibility study of constructing a new port outside of Male. In particular, the CDTA will i) identify options for the development of new port, taking into consideration opportunity for potential expansion plans in future ii) undertake initial scoping and costing of the identified investment project iii) undertake technical, financial, environmental, and social assessments at a level of detail sufficient to inform funding decisions and proceed onto the next stage of project proposal once funding is available.

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Project Name Preparing Business Strategy for Port Development
Project Number 47283-001
Country Maldives
Project Status Dropped / Terminated
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8519-MLD: Preparing Business Strategy for Port Development
Technical Assistance Special Fund US$ 750,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector Transport - Transport policies and institutional development - Water transport (non-urban)
Gender Equity and Mainstreaming
Description This CDTA will develop a financing strategy and business case for a new port and redevelopment of the existing Male Commercial Harbour (MCH) site. A key component of this CDTA is also to conduct robust analyses to facilitate the Government's engagement with industry and potential co-financiers to develop a viable financing and implementation strategy, taking into consideration phasing of developments and risk allocations. The CDTA would also undertake preliminary feasibility study of constructing a new port outside of Male. In particular, the CDTA will i) identify options for the development of new port, taking into consideration opportunity for potential expansion plans in future ii) undertake initial scoping and costing of the identified investment project iii) undertake technical, financial, environmental, and social assessments at a level of detail sufficient to inform funding decisions and proceed onto the next stage of project proposal once funding is available.
Project Rationale and Linkage to Country/Regional Strategy Male Commercial Harbour (MCH) is currently the primary international port serving Maldives. Cargo demand is estimated to grow by at least three times in the next twenty years, fuelled by growth in tourism and construction. However, expansion of the existing port is limited by physical constraints. Separately, although cruise ferries are currently attracted to Male, there are no international cruise passenger facilities. To address these issues, the Government of Maldives has requested ADB's technical assistance on developing the overall ports development strategy.
Impact Provide enabling environment for strong partnership among the government, private sector, and cofinanciers in ports development
Project Outcome
Description of Outcome Port development plan for Male and Thilafushi approved
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Business and financial model for overall port development completed

2. Implementation and financing strategy completed

3. Pre-feasibility study of constructing a new port on Thilafushi island completed

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The CDTA will be implemented over a period of 12 months, between March 2014 and February 2015. Consultancy services will be provided by an International Firm. The international firm will be engaged utilizing $750,000 in ADB financing. The firm will be selected in accordance with ADB''s Guidelines on Use of Consultants (2010, as amended from time to time) using QCBS and quality/cost ratio of 90/10.
Procurement All procurement (office equipment, tools etc) will be done in accordance with ADB's Procurement Guidelines (2010, as amended from time to time).
Responsible ADB Officer Alexandra Pamela Chiang
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies
Ministry of Finance and TreasuryAmeenee Magu
Male'
Republic of the Maldives
Timetable
Concept Clearance 04 Oct 2013
Fact Finding -
MRM -
Approval 26 Nov 2013
Last Review Mission -
Last PDS Update 20 Nov 2013

TA 8519-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Nov 2013 - - 28 Feb 2015 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 1,000,000.00 0.00 0.00 0.00 1,750,000.00 26 Nov 2013 0.00

Safeguard Documents

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Evaluation Documents

See also: Independent Evaluation

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