The Pacific Resilience Program Phase 2 (PREP II) comprises a series of projects aimed at enhancing the resilience of coastal infrastructure in the densely populated areas of the capital Majuro and the island of Ebeye.
Costs and Financing
Investing in Tomorrow, Today
As a World Bank funded project through a combination of grants from the International Development Association (IDA) and the Green Climate Fund, the total cost of the PREP II program is estimated to be US$63.97 million.
The costs associated with the project comprise an array of smaller-scale initiatives that collectively yield significant benefits for the RMI. Some of these initiatives involve the development and deployment of innovative technologies and/or infrastructure, while others focus on campaigns aimed at behavioral change and/or policy advancements. The procurement of adequate funding has been a crucial element for the successful implementation of PREP II.
Community Costs Require Community Collaboration
The construction of major infrastructural projects, such as the Ebeye seawall, inevitably results in temporary disruptions to daily life. The PREP II and the RMI teams recognizes with deep gratitude the sacrifices and support that the general public has already shown in participating in community consultations undertaken in developing the National Adaptation Plan and assessing options for the Ebeye seawall.
And yet, as with any large-scale initiative, there will continue to be both tangible and intangible costs incurred throughout the successful implementation and ultimate completion of the project.
An ongoing high level of community engagement will ensure that the project team and many RMI communities remain steadfast in the face of numerous obstacles, including complex logistical issues, extensive time commitments, limited access to resources, and demands on housing, traffic, and food supply. This will ensure the best possible results are delivered for the people and communities of the RMI.