The attached Appraisal Report appraises a project for the installation of a submarine cable from the island of Ambergris Caye to the island of Caye Caulker located on the North East Coast of Belize City. The project will enable Belize Electricity Limited (BEL) to provide a cleaner, more secure, and reliable electricity service to the island, which is currently supplied from Diesel Generators. The project is accorded high priority by both BEL and the Government of Belize (GOBZ) as Caye Caulker is not currently connected to the national grid, its demand is increasing significantly and there are significant potential social and environmental benefits to be had from replacing its current source of electricity supply.