Invest international B.V.
room Bezuidenhoutseweg 12 The Hague
arrow_back See all Activities

Dedicated Cruise Ship Terminal and Auxiliary Facilities (O&M Phase)

IATI Identifier: NL-KVK-83517626-ORI11CV21O

Published on IATI
  • date_range Jul 01, 2024 - Jul 01, 2034
  • autorenew Implementation (Status)

The Government of Cape Verde has developed an official strategy to use its location at the centre of major trade and navigation routes and its natural environment to develop its tourism industry. The economy of Cape Verde is characterised by a narrow production base little to no diversification and geographical isolation. The most pressing socio-economic issue for Cape Verde is the reduction of relative poverty and unemployment. Despite the lack of adequate dedicated harbour facilities. Cruise ships make regular port calls at Mindelo.The project aims to improve the facilities for visiting ships with the construction of a cruise terminal. A terminal is seen as an important stepping-stone in the implementation of Cape Verdes tourism policy. The local cruise industry has so far developed more or less without the involvement of the government. However as the market develops it is becoming increasingly necessary to upgrade the existing harbour facilities to make it possible to maintain and further expand the number of port calls. Besides cruise operators increasingly demand higher standards for quality and safety. The annual number of port calls by cruise ships between 2004 and 2010 has varied between 21 and 37 despite poor logistics and berthing conditions. For 2012-2013 an average of 25 calls is expected. Because of the increasing number and growing size of cruise ships, The project consists of the dredging of the harbour basin the construction of a berth and terminal for large cruise vessels and will include a roll-out strategy to further develop the islands tourism industry. The project is expected to bring new business opportunities and jobs to the islands. A capacity-building and awareness training programme to prepare the private sector for a higher level of service to visiting cruise passengers is an important component of the project.

more_horiz
Sectors:
  • Water transport

Participating Organisations

Invest International Private Sector Funding
Ministry of Economy and Employment Local Government Implementing
Invest International Private Sector Accountable

Transaction

Transaction Value Provider
Receiver
Type Date
462,000 EUR Provider N/A Receiver N/A Commitment
date_range Jun 15, 2018
462,000 EUR Provider N/A Receiver N/A Incoming Funds
date_range Jun 15, 2018

Budget

6,706,176 USD
  • 462,000 EUR (Valued at Jun 15, 2018)
    date_range Jun 15, 2018 - Dec 31, 2018
  • 462,000 EUR (Valued at Jan 01, 2019)
    date_range Jan 01, 2019 - Dec 31, 2019
  • 462,000 EUR (Valued at Jan 01, 2020)
    date_range Jan 01, 2020 - Dec 31, 2020
  • 462,000 EUR (Valued at Jan 01, 2021)
    date_range Jan 01, 2021 - Dec 31, 2021
  • 462,000 EUR (Valued at Jan 01, 2022)
    date_range Jan 01, 2022 - Dec 31, 2022
  • 462,000 EUR (Valued at Jan 01, 2023)
    date_range Jan 01, 2023 - Dec 31, 2023
  • 462,000 EUR (Valued at Jan 01, 2024)
    date_range Jan 01, 2024 - Dec 31, 2024
  • 462,000 EUR (Valued at Jan 01, 2025)
    date_range Jan 01, 2025 - Dec 31, 2025
  • 462,000 EUR (Valued at Jan 01, 2026)
    date_range Jan 01, 2026 - Dec 31, 2026
  • 462,000 EUR (Valued at Jan 01, 2027)
    date_range Jan 01, 2027 - Dec 31, 2027
  • 462,000 EUR (Valued at Jan 01, 2028)
    date_range Jan 01, 2028 - Dec 31, 2028
  • 462,000 EUR (Valued at Jan 01, 2029)
    date_range Jan 01, 2029 - Dec 31, 2029
  • 462,000 EUR (Valued at Jan 01, 2030)
    date_range Jan 01, 2030 - Dec 31, 2030
access_time Updated on Jun 28, 2023 19:39:47