Salt Pond Project Phase II

The Government of Barbados (GOB) has received financing from the Caribbean Development Bank (CDB) towards the cost of the Phase II – Salt Pond Drain – Speightstown Flood Mitigation Project and intends to apply a portion of the proceeds to eligible payments under this contract.  Payment by CDB will be made only at the request of GOB and upon approval by CDB, and will be subject, in all respects, to the terms and conditions of the Loan Agreement.  The Loan Agreement prohibits a withdrawal from the Loan Account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations.  No party other than GOB shall derive any rights from the Loan Agreement or have any claim to the proceeds of the Loan.

The Barbados Tourism Investment Inc. (BTI) is the Executing Agency for the Project. A Project Management Unit (PMU) has been established to coordinate the various activities within the Project.  The PMU intends to prequalify contractors for the construction of Phase II – Salt Pond Drain – Speightstown Flood Mitigation Project.  It is expected that invitations for bid will be issued in April 2020.