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Kingston Waterfront Improvement Project - SOP 1

Abstract*

The proposed Series of Projects (SOP) is designed to set in motion an urban regeneration process that will maximize benefits for local residents and businesses and serve poor communities in Downtown Kingston. The design (SOP 1) and construction (SOP 2) of an iconic waterfront park and public space in Downtown Kingston will generate numerous benefits for local communities, including health, environmental and social benefits, and create a new destination...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To develop high-quality designs to improve the Kingston Waterfront, expand economic development opportunities, and enhance the institutional capacity to enable future private sector-led redevelopment.

Key Details

Project Details

  • P179642

  • Active

  • Carina Lakovits , Fatima Arroyo Arroyo

  • Jamaica

  • Jamaica

  • November 22, 2022

  • (as of board presentation)

    July 9, 2024

  • N/A

  • US$ 40.00 million

  • Jamaica Social Investment Fund (JSIF)

  • Latin America and Caribbean

  • 2025

  • US$ 12.00 million

  • N/A

  • July 17, 2023

  • November 12, 2029

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 12.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 12.00
IDA Commitment N/A
IBRD + IDA Commitment 12.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 40.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 9, 2024 IBRD-96980 Loan Commitment 12,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2024-10-14
Procurement Satisfactory 2024-10-14
Financial Management Satisfactory 2024-10-14
Overall Implementation Progress (IP) Satisfactory 2024-10-14
Project Management Satisfactory 2024-10-14
Monitoring and Evaluation Satisfactory 2024-10-14

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.