The project will be implemented in the coastal areas of Ecuador in the provinces of Manabi, Esmeraldas, and Santo Domingo de Los Tsachilas, which are the most affected areas by the recent earthquakes of last April 2016. The Project targets the market for reconstruction materials. Following the earthquakes about 7,000 buildings have collapsed and about 100,000 homes and 2,500 building needs to be restored / repaired.
The project entails the following activities: (i) About 2,500 people are expected to be trained on sustainable bamboo harvesting, furniture production and construction. At least two buy-back guarantees and pricing agreements will be set up for smallholder bamboo producers with civil society and private sector bamboo construction and furniture producers, (ii) Demonstrate use of bamboo construction in post disaster reconstruction and create market and finance linkages. Demonstrative bamboo homes will be designed and built in accordance with high quality and technical standards. Development of reconstruction loan financing for poor households and/or, marketing agreements with civil society, financial institutions, and local governments to supply bamboo housing and public infrastructure in disaster-affected areas; and (iii) Strengthening of an enabling policy environment for bamboo commodity development by updating the bamboo national construction code and disseminate it widely via social media and formal publications.
Two meetings were organized to exchange experiences on disaster relief, including sharing post-earthquake experiences from CFC-supported projects with INBAR in China and Nepal at UN Habitat III in Quito in October 2016. The Project will be implemented in cooperation with the NGO Hogat de Cristo, a privately-held company Allpa Bambu and the University Eloy Alfaro. The CFC financing has been allocated under the impact bond contract model and the Fund is currently seeking a suitable bond partner to complete the funding.
In terms of development impact, the Project will promote the utilization of bamboo as industrial grade construction material, replacing wood. INBAR has estimated that the income of bamboo producers would increase by 10%-15% and the utilization of bamboo for the reconstruction will reduce the reconstruction costs by about 60%. It is estimated that about 2,500 people will be offered a new home in bamboo.
The Project performance indicators contained in the Development Impact Bond Agreement shall reflect that goal i.e. be fixed in terms of the number of bamboo houses to be built with the new technology introduced by INBAR.
|Submitting Institution:||International Network for Bamboo and Rattan (INBAR)||Project:||CFC/2016/08/0055FT|
|Total Cost:||USD 232,766||CFC Financing:||USD 116,391 (Grant)|
|Project Type:||Fast Track Project|