Total Cost of the Project and Financing Plan. 3.01 The total cost of the reformulated Project is estimated in the amount of US$71,800,000 (seventy-one million eight hundred thousand U.S. Dollars), out of which US$63,500,000 (sixty-three million five hundred thousand U.S. Dollars) correspond to Bank financing and US$8,300,000 (eight million three hundred thousand U.S. Dollars) correspond to local counterpart. The funds will be distributed as follows: (in US$ Millions) Components Bank Local Counterpart TOTAL Component 1. Delivery of quality housing and basic infrastructure solutions 21.7 5.3 27 1.1 Affordable and Sustainable Housing 8.7 1.3 10 1.2 Consolidation of Existing Housing Schemes 13 3 16 1.3 Implementation Support and Institutional Strengthening 0 1 1 Component 2. Enhancement of urban road network and road safety 39.8 3 42.8 2.1 Expansion and Rehabilitation of the Sheriff-Mandela Road 36.3 0 36.3 2.2 Road Safety Action Plan (RSAP) 0.5 0 0.5 2.3 Implementation Support and Institutional Strengthening 3 3 6 Program Administration 2 0 2 CH&PA 1.5 0 1.5 WSG 0.5 0 0.5 TOTAL 63.5 8.3 71.8 ” ARTICLE THREE The Parties agree that this Amendatory Agreement No. 2 shall enter into force on the date of signature by the representative of the Borrower.
Total Cost of the Project and Financing Plan. 3.01. The total cost of the reformulated Project is estimated in the amount of US$66,500,000 (sixty-six million, five hundred thousand U.S. Dollars), out of which US$63,500,000 (sixty-three million, five hundred thousand U.S. Dollars) correspond to Bank financing and US$3,000,000 (three million U.S. Dollars) correspond to local counterpart. The funds will be distributed as follows: (in US$ Millions) Components Local Counterpart Bank TOTAL Component 1. Delivery of quality housing and basic infrastructure solutions. 0 27 27 1.1 Affordable and Sustainable Housing 0 10 10 1.2 Consolidation of Existing Housing Schemes 0 16 16
Total Cost of the Project and Financing Plan. 3.01 The estimated cost of the Project is one million ten thousand dollars of the United States of America (US$1,010,000), in accordance with the following budget: Budget Table In US$ Activity/Component IDB (RPG) Funding Counterpart (in kind) Funding TOTAL Funding Component 1: Landscape Analysis and Survey 120,000 30,000 150,000 Landscape Analysis on the Caribbean’s IP environment 40,000 10,000 50,000 Survey 80,000 20,000 100,000 Component 2: Stakeholder Sensitization 90,000 10,000 100,000 Project launch event 45,000 5,000 50,000 Online Platform 45,000 5,000 50,000 Component 3: Building Commercialization Capabilities forPublic and Private Stakeholders 494,000 50,000 544,000 Design of Action Plans for Component 3 50,000 0 50,000 Mentorship Program 344,000 0 344,000 Training and Workshops 100,000 50,000 150,000 Component 4: Sustaining Implementation of REACH 40,000 15,000 55,000 Final Self-Sustaining Business Plan 0 5,000 5,000 Stakeholder Meeting 40,000 10,000 50,000 Administration & Supervision 126,000 0 126,000 External Evaluation & Audit 30,000 5,000 35,000 TOTAL (US$) 900,000 110,000 1,010,000 IV. Executing Agency
Total Cost of the Project and Financing Plan. 3.01 The estimated cost of the Project is the equivalent of nineteen million eight hundred sixty-nine thousand nine hundred and sixty-three dollars of the United States of America (US$19,869,963) distributed in accordance with the following investment categories: Category SCX Loan (JA-L1048) SCX Grant (JA-G1002) GOJContribution Total Approx. % Component I: Mainstreaming Climate Change Adaptation Measures 1,480,000 5,120,885 986,997 7,587,882 38.19 Component II: Creation of Financial Mechanisms a 8,520,000 0 789,597 9,309,597 46.85 Component III: Knowledge Management 0 200,000 0 200,000 1.01 Programme Management and Administration 0 1,500,000 197,399 1,697,399 8.54 Monitoring and Evaluation 0 765,200 0 765,200 3.85 Contingencies (1.8% of SCX programme total) 0 309,885 0 309,885 1.56 Programme Total 10,000,000 7,895,970 1,973,993 19,869,963 100% Administrative Fee b 400,000 a The adaptation line of credit will be of the order of US$2.5 million and the Special Climate Change Adaptation Fund is US$4.7 million). b These resources are provided by the Climate Investment Funds.
Total Cost of the Project and Financing Plan. 4.01 The estimated cost of the Project is the equivalent of ten million dollars (US$10,000,000), in accordante with the following investment categories and source of financing: Cost and Financing (US$000) BUDGET CATEGORIES BANK FINANCING TOTAL US$ 1 Consultant Services 1.1 Project Execution Team 35 35 1.2 Project Support 160 160 1.3 Institutional Strengthening 540 540 1.4 735 735 SUBTOTAL 2 Direct Costs 2.1 Transportation network 8,000 8,000 2.2 Contingency 1,190 1,190 SUBTOTAL 9,190 9,190 1. Audit 3.1 Financial Audit 75 75 SUBTOTAL 75 75
