Project Preparation Facility in Cuba

General Environment Protection
COUNTRIES
Cuba
DATES
Jun/2017 - Jun/2024 ONGOING
PROJECTED TOTAL INVESTMENT SIZE
€ 3 700 000
EU CONTRIBUTION
€ 3 150 000
SECTOR
General Environment Protection
TYPES OF SUPPORT
Technical Assistance
DESCRIPTION

The aim of the facility imlpemented by AFD is to finance activities such as feasibility or pre-feasibility studies relating to investment projects likely to be financed by International Financial Institutions in Cuba. The expertise provided can consist of specific sector support (in the field of energy, transport, water, etc.) or technical assistance in order to improve the compliance of the investment projects with international standards in environmental, social, gender or climate issues. Selected projects are agreed with the Cuban Government according to its priorities, in particular in the sectors of energy, water and sanitation, urban rehabilitation, agriculture and transportation, and are likely to be bankable. All projects have an expected positive contribution to the country’s adaptation to climate change or to the reduction of GHG emissions.

RESULTS
The facility finances the different steps leading to the design of comprehensive investment projects, providing the information necessary for preparing and designing future investment projects to be financed by AFD and possibly other IFIs, and enhancing the capacities of the Cuban entities in charge of designing, supervising or implementing the project. AFD expects to finance up to twenty studies or actions over a period of 3 to 4 years.
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS