The environmental aspect of the project is a key focus of most lenders especially multilateral and bilateral institutions. A comprehensive environmental impact assessment must be done for all projects and must adhere to both local and international standards in order for them to qualify for financing. This will include a complete review of the flora and fauna in the area under review. Any impact on protected or endangered species will need to be addresses. The environmental will also include a complete review of the social impact of the project. In the event, population needs to be displaced, appropriate compensation will need to be paid.
Chapin International tends to get intimately involved in this process because it is so key to the financing of the project. We have worked with a number of environmental advisors and will assist the developer to prepare a scope of work for the project to be submitted to 3-5 environmental advisor candidates to ensure the project obtains the most competitive pricing.