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The OPEC Fund
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  2. Mindelo Cruise Terminal Project

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Mindelo Cruise Terminal Project

Cabo Verde

Borrower Cabo Verde
Financing Type Public Sector
Instrument Project Loan
Focus Area Multisectoral
Approved 19.03.2018
Signed 21.04.2018
Status Ongoing
Loan Administrator OPEC Fund
Executing Agency ENAPOR
Co-financiers ORIO, Government
OPEC Fund Contribution (US$m) 19.50
Total Project Cost (US$m) 34.88

To help boost tourism, a vital economic sector for the country, on the island of Sao Vincente by constructing a cruise terminal at Porto Grande and on-shore facilities. The project is expected to help reduce poverty for the island’s 80,000 inhabitants through the creation of jobs and anticipated growth in the private sector.

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