Fri, 25th May 2018 | Updated Tuesday 13 March 2018, 06:23:39
FOR IMMEDIATE RELEASE: March 1, 2016
MEDIA ADVISORY: Inception workshop to launch new Protected Areas Finance Project
Victoria, Seychelles – On Thursday, March 3, the new Protected Areas Finance Project of the Government of Seychelles, United Nations Development Programme and Global Environment Facility (GOS-UNDP-GEF) will officially commence with an inception workshop.
The workshop will be opened by the Minister for Environment, Energy and Climate Change, Mr Didier Dogley. Participants will include other representatives from his Ministry, the Ministry of Finance, Trade and the Blue Economy, UNDP, conservation NGOs, and various other key stakeholders.
The purpose of this workshop is to provide participants with an overview of the project design and consolidate the technical aspects, including the work plans, budget and project objectives. It has been organised by the GOS-UNDP-GEF Programme Coordination Unit, the organisation responsible for the project implementation on behalf of the Ministry of Environment, Energy and Climate Change.
This new project has been developed in line with the needs to strengthen the Seychelles protected area system. It intends to develop the first system and financial/investment plans for Seychelles’ protected areas, treating the system holistically, and bringing together the various Government agencies and NGOs currently involved in managing separate areas. It looks in particular at the costs of managing the system, much of which is under-performing in terms of capturing revenue, and addressing financing gaps through development of new and innovative financing mechanisms. Seven PA management agencies are involved in the project, both in contributing to the coordinated system planning process, and in piloting new financial mechanisms in the areas they manage.
This is a five year-project with a total budget US$ 2.776 million. The objective of the project is to secure sustainable financing for Seychelles’ PA system.
The first component of the project is focused on enabling planning and legal framework for an improved use of existing and new PA finance, while generating conservation benefits from Seychelles’ PA’s. It will support the development of a national PA system investment plan and site-level PA management and business plans. This component will also help to strengthen the financial management capacities of national PA managing entities in order to increase cost-efficiency, improve revenues and develop mechanisms for revenue-sharing.
The second component of the project is focused on increasing and securing revenue generation for PA management by improving the financial sustainability of the PA system and the individual PAs to ensure that they have adequate financial resources to cover the full costs of their management. Among other things, this component provides support in terms of building and renovating infrastructures, introducing new cost-effective practices, systems and schemes, all of which are aimed at making sites more attractive to visitors and increasing revenue generation capacity.
The workshop will be held at the STC Conference Room, from 9 am to 12.30 pm.
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