2013 Sustainability Report - Ambatovy
Local Development
In 2012, Ambatovy created a Social Investment Fund (SIF) in partnership with the Government of Madagascar, pursuant to
which Ambatovy committed $25 million to support social development and infrastructure projects, with a focus on Ambatovy’s
geographic zones of operation. At the end of 2013, Ambatovy has made significant progress on three identified projects:
Market Project
The Market Project consists of re-constructing the century-old marketplace in Toamasina’s city centre. At the end of 2013,
construction of Toamasina’s new Bazar Be marketplace was mostly complete and the new marketplace was inaugurated in
June 2014. The construction work carried out during the year has been a “safety success” in that over 250,000 man-hours
were completed without a recordable incident. This milestone was recognized by Ambatovy, together with contractors and
government, during a
ceremony where project
companies and workers
were acknowledged
for their commitment to
health and safety.
The project provided
significant economic
benefits for the local
economy as the
construction was
carried out by local
companies and
personnel.
Poultry Project
Ambatovy is supporting the development of an integrated poultry farm, known as the Harenasoa Poultry Project. With farm
construction set to begin in 2014, the Poultry Project is expected to provide significant economic benefits for both local
producers and consumers as farmers will have a chance to improve their living conditions and consumers will have better
access to low cost, high quality chickens.
28
