The development objective of the Additional Financing for the Emergency Recovery and Disaster Management Project seeks to: restore and strengthen priority irrigation, electricity, water and sanitation infrastructure damaged by tropical storms Olga and Noel or at risk of damage from future storms, and strengthen INDRHI's (Instituto Nacional de Recursos Hidraulicos - National Institute of Hydraulic Resources) and CDEEE's (Corporacion Dominicana de Empresas Electricas Estatales - Dominican Corporation of State Electrical Companies) capacity for disaster risk management.
The Additional Financing (AF) will allow completion of the original project activities by filling an unanticipated financing gap caused by cost overruns. AF is specifically sought to complete original project activities related to the rehabilitation and repair of damaged infrastructure in the water (irrigation, hydrology) and electricity sectors and to strengthen institutional capacity for disaster mitigation and risk reduction.
The AF and the closing date extension to December 31, 2013 will permit the project to achieve its development objectives. Without AF, works under the project will be significantly reduced.
World Bank. Document Date: 2011/10/06.Document Type: Project Paper.Report Number:64559.Volume No: 1 of 1.
