📋 Tender Overview
The construction phase of the US 46 million mn Montserrat Port Development Project which will increase accessibility and improve trade opportunities for the islands residents is now underway following the official ground-breaking today.The project is being financed with 28.3 mn US36.8mn in grant funding from UK aid through the United Kingdom Caribbean Infrastructure Fund UKCIF which is administered by the Caribbean Development Bank CDB and US9.2 mn from the Government of Montserrat.The Project involves the development of climate-resilient port facilities which will enhance the delivery of port services increase accessibility to the island and improve the countrys connectivity with the rest of the world. Montserrat will also benefit from better access to goods and services for citizens expanded economic activity and increased trade.Speaking at the ground-breaking ceremony held at the Montserrat Port Authority in Little Bay CDBs Vice President Operations Mr. Isaac Solomon said In this global environment countries must be able to trade efficiently in order to prosper. The Montserrat Port Development Project will be one of the largest projects implemented in Montserrat in recent times and on completion it is expected that this new facility will provide direct positive impacts on the economy through the potential for increased employment improved productivity and overall improvements in the business environment in Montserrat.Governor of Montserrat Mrs. Sarah Tucker said The UK Government understands how pivotal the Little Bay Port Development Project is for Montserrats revitalisation economic development and sustainability. As Governor I was so pleased to receive confirmation that the UK was able to make a tangible demonstration of its continued support for our wonderful Island by increasing the funding for this project from 14 million to over 28 million.The 350 mn UK Caribbean Infrastructure Fund UKCIF provides grant funding for climate-resilient infrastructure projects in nine Caribbean countries.
