This performance evaluation of the Port of Praia aimed at addressing a set of key questions affecting investment success or failure formulated by MCC in the areas of competitiveness, trade volume, operational efficiency, costs, integration of internal markets, employment, corruption as well as eventual unanticipated impacts. Using quantitative analyses, the evaluation team compared not only the “before” and “after” of the Port operations, but also Port of Praia's operations, competitiveness, efficiency and other parameters versus relevant regional or global benchmarks. Qualitative analyses - through key informant interviews and focus group discussions - helped assess the impact of customs processing, as well as port security on truck throughput.
In terms of findings, the evaluation determined that the investment in port infrastructure was not sufficient to allow the Cape Verde economy to diversify - through extension of tourism and regional distribution - and create jobs and new businesses. In operational efficiency, the evaluation found that a decrease in dwell time, a decrease in gate and yard congestion; however, container operations and berths were underutilized prior to the intervention and that underutilization continued through the project completion. The evaluation found that the Port became more competitive in terms of capacity, equipment, operations, level of services and costs, and costs of imported and exported goods have decreased and are more competitive with other regional ports; however, Port of Praia has lost market share to Porto Grande for inter-island cabotage trade. Lastly, total volumes of exports from Cape Verde fluctuated, but increased slightly, and exports from Port of Praia changed little over the evaluation period, and Praia has become the primary center for the redistribution of products within the island economy simply because of the concentration of the population there. Also, increased international passenger transit movements beginning 2010 through 2014 suggest increased tourism in the country; however, there was no clear indication that the intervention impacted trade through Port of Praia positively or negatively.