50138-001: Shipyard Rehabilitation and Infrastructure Project | Asian Development Bank

Sri Lanka: Shipyard Rehabilitation and Infrastructure Project

Nonsovereign (Private) Project | 50138-001 Status: Approved

ADB will fund the capital expenditure and expansion plans for the Colombo repair yard with a total project cost of $13.9 million. The borrower will be Walkers Colombo Shipyard, a subsidiary of Walkers Shipyards Limited, a holding company sponsored by MTD Walkers Plc, a well-established company in Sri Lanka with experience in marine engineering business, EPC for industrial and infrastructure projects and property development. The holding company will undertake marine and ship repair business of the Group.

Project Details

Project Officer
Choudhary, Mayank Private Sector Operations Department Request for information
Country
  • Sri Lanka
Sector
  • Transport
 
Project Name Shipyard Rehabilitation and Infrastructure Project
Project Number 50138-001
Borrower/Company Walkers Colombo Shipyard (Private) Limited
Country Sri Lanka
Location Nation-wide, Colombo
Type or Modality of Assistance
7520/3569 Loan USD 4.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Transport / Water transport (non-urban)

Gender Equity and Mainstreaming No gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 1
Responsible ADB Officer Choudhary, Mayank
Project Sponsor(s) MTD Walkers PLC
Description ADB will fund the capital expenditure and expansion plans for the Colombo repair yard with a total project cost of $13.9 million. The borrower will be Walkers Colombo Shipyard, a subsidiary of Walkers Shipyards Limited, a holding company sponsored by MTD Walkers Plc, a well-established company in Sri Lanka with experience in marine engineering business, EPC for industrial and infrastructure projects and property development. The holding company will undertake marine and ship repair business of the Group.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The shipyard is located in an existing fisheries harbor in an established port. Key issues in the shipyard's operation include the management of dredging activities and disposal of dredged materials, mitigation of noise associated with activities during construction and operation, treatment of wastewater effluent, disposal of solid wastes, and occupational health and safety management.
Involuntary Resettlement The project will not have involuntary resettlement impacts as the project activities are confined within an existing port.
Indigenous Peoples Project activities will be within the existing ports premises and will not have impacts on indigenous peoples.
Stakeholder Communication, Participation, and Consultation Project specific grievance redress mechanism will be adopted and information disclosure and consultations with affected people were conducted in accordance with ADB requirements. Although there are communities present around the project site, these are outside the harbor complex and do not encroach on the project sites. Consultations were undertaken with these communities, and there are no livelihood issues associated with access restrictions, dredging or other project activities. Likewise, no indigenous peoples and involuntary resettlement impacts are expected.
Timetable for assistance design, processing and implementation
Concept Clearance 31 May 2016
Credit Committee Meeting 05 Dec 2016
Approval 25 Sep 2017
Last PDS Update 25 Aug 2017

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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