[CAPITAL INFLUX]RAW INTERCEPT / sig-960ad4d5
World Bank Additional Financing Request 3 for St Maarten Fostering Resilient Learning Project adds capital to cover inflation-driven cost overruns and stands up a new construction component.
Additional funds would be allocated to Components 1, 2, 3 and 4 to cover inflation-related cost overruns causing a financing gap, and a new Component 6 will host construction and rehabilitation activities transferred from the Emergency Response Project (ERP1).
MAGNITUDE
MAG-4
CONFIDENCE
52%
RECEIVED
8 days ago
INTERCEPT READOUT
Additional funds would be allocated to Components 1, 2 and 3 and 4 to cover inflation related cost overruns causing a financing gap. The Additional Financing will also allow to finance a new Component (6), hosting the construction and rehabilitation activities transferred from the Emergency Response Project (ERP1).
- TARGET STATE
- Implementing agency (National Recovery Program Bureau) reports all major contracts awarded, two of three works ongoing and the third starting in October; TA on track, but inflation and delays have created a financing gap requiring an extension to end-2027. New Component 6 construction/rehabilitation activities are being transferred in, with scope and any award status not yet detailed.
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