The financing provided under this project is additional financing to the ongoing Freetown WASH and Aquatic Environment Revamping Project that was approved by the Bank in December 2018. The financing plan for the baseline project provided for GCF co-financing of UA7.2m for activities related to water resources management(establishment of hydromet stations including rainfall stations, stream-flow gauges, and groundwater monitoring stations and flood risk mapping, capacity building) as elaborated under Components 2 of the baseline project. Following further discussions with the GCF, it was recommended that the activities were upscaled to include not just hydromet services but a complete Multi-Hazard Impact-Based Forecasting and Early Warning and Action Systemin order to build desirable adaptive capacity. The overall cost of this project interventions was thus increased to approximately UA16,046,543 (USD $21,100,884). The Green Climate Fund (GCF) contribution is USD $15,094,264. The co-financing total amounts to USD $6,006,620, which includes an in-kind contribution from the Government of Sierra Leone (GoSL) of USD $1,006,620 and grant of UA 3,802,339 (USD $5,000,000) proposed to be financed from the ADF’s Climate Action Window (CAW) Adaptation sub window. This project primely contributes towards climate adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is adaptation finance.

Sierra Leone

African Development Bank Group

Africa Sub-Saharan Africa

Environment and Pollution-Recycling Construction Energy-Power and Electrical Computer Hardwares and Consumables

10.12.2024

Original Url