Saint Lucia - Caribbean Regional Air Transport Connectivity Project : Additional Financing

Overview & Synopsis

The development objectives of Caribbean Regional Air Transport Connectivity Project for Saint Lucia are to (i) improve operational safety and navigation efficiency of air transport and (ii) enhance resilience of Saint Lucia’s airport infrastructure to natural disasters. This paper seeks the approval for an additional IDA credit in the amount of 25 million US dollars for the Project. Additionally, through a second-level of restructuring, approval is also requested for (i) updates to the theory of change (TOC); (ii) updates to the project activities and revised component-wise allocations; (iii) adjustments to the results framework, including to indicators, their targets and end target dates to conform with new closing date; (iv) updates to the disbursement estimates to reflect the revised closing date; and (v) an 18 month extension of the Closing Date from June 30, 2027 to December 29, 2028.