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St. Lucia to Receive Additional Hurricane Tomas Recovery Financing from CDB

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The Caribbean Development Bank (CDB) is to provide an additional loan equivalent to USD6.86 million and a grant equivalent to USD24,000 to the Government of St. Lucia to further assist it in executing its Hurricane Tomas recovery programme. In March 2011, CDB approved a loan equivalent to USD17.960 million to the St. Lucian Government to assist in hurricane recovery. However, the additional loan is to facilitate a revision in scope of the original project, bringing the total of the loan to USD24.82 million, in addition to the grant. This will allow for reConstruction of the Thomazo and Canaries Bridges; ravine slope stabilisation works in east Castries; a drainage management study in east Castries; and removal of the Bois d'Orange Bridge. Hurricane Tomas had a devastating impact on St. Lucia, and two years after its passage, the effects are still very evident across the island. The main objective of the project is to reduce risks associated with landslide and flood hazards within the project area.

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