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- Mindelo Cruise Terminal Project
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.