December 10, 2009 No. 35/09-BD Grenada Flood Mitigation Project Gets CDB Support Residents and owners of businesses located in the lower reaches of Grenada's St. Johns River should be in for some relief from flooding, following the implementation of a project which is receiving financial support from the Caribbean Development Bank (CDB). CDB has approved a technical assistance loan equivalent to USD415,000 to the Government of Grenada to assist the Government in developing a programme of works to mitigate the impacts of flooding in the project area. Flooding during the rainy season has led to repeated damage to private property, disruption of local businesses and periodic closure of the road network within the environs of St. Johns River. Steady development within the river basin and on its natural floodplain appears to have had a significant impact on the frequency and severity of flooding in recent years. The Government of Grenada will provide counterpart financing equivalent to USD49,000 for the project, which will be implemented by the Ministry of Communications, Works and Transport. Consultancy services will be engaged to develop a flood damage reduction plan, including detailed designs and costs estimates for all proposed works and associated measures.