Multi-Stakeholder Climate Risk Dialogue: Banjul Port 4th Expansion Project Climate Risk Assessment
As part of the activities to mainstream climate resilience in the Banjul Port 4th Expansion Project, a Multi-Stakeholder Climate Risk Dialogue was organized to present results from the climate risks assessment
The Port of Banjul 4th Expansion Project was initiated to increase cargo handling and storage capacity of the terminal in order to address the increasing demand on the port facility as the volume of cargo and trade continues to rise while the facility is not expanding commensurably.
The African Development Bank (AfDB) and European Investment Bank (EIB) are considering financing the proposed expansion of the Port of Banjul estimated at $114m. The AfDB has advanced US$ 531,275 to the Gambia Port Authority as finance for preparatory activities relating to a Bankable Feasibility Assessment and Investment Preparation Studies for the Port of Banjul 4th Expansion Project.
Within the framework of the Africa Adaptation Acceleration Program (AAAP) – a partnership between GCA and AfDB – GCA is providing technical assistance to mainstream climate resilience to the Port of Banjul 4th Expansion Project, utilizing cutting edge climate analytics to identify and quantify the impacts of physical climate risk on the Investment in spatial resolutions at the asset level and proffer adaptation investment options to climate-proof the investment to the impacts of physical climate risks.
As part of the activities to mainstream climate resilience to the project, A Multi-Stakeholders Climate Risks Dialogue was organized to present the results from the climate risks assessment to the project stakeholder, and engage with the stakeholders to get useful feedback.