Original disclosure @ AIIB website
Updated in EWS Oct 27, 2026
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According to bank provided information, the objective of the project is to strengthen Madagascar's connectivity with global markets--particularly Asia, its primary trade partner--by enhancing the efficiency, reliability, and climate resilience of key international transport and logistics corridors.
The project aims to achieve its development objective through : (i) salvaging the northern railway network from ceasing operations to ensure a transport alternative remains to complement the strained national road between Tananarive and Tamatave (RN2 corridor); (ii) ensuring continuity of operations in the ports of Tulear and Majunga as well as restoring normal conditions of operations in the Pangalanes - RN12 corridor (to Fort-Dauphin), (iii) ensuring regional airports meet international safety standards, and (vii) supporting institutional reforms to modernize the transport sector.
AIIB will jointly co-finance the project with the World Bank's International Development Association.
Total Project Cost: USD 305 million
Financing Plan:
WB IDA: USD 200 million
AIIB loan: USD 100 million
Private sources: USD 5 million
Asian Infrastructure Investment Bank
Pascal Roussel
Senior Investment Officer
World Bank
Vincent Vesin
Senior Investment Officer
Republic of Madagascar
Muryelle Rabemananjara
Ministry of Finance, Republic of Madagascar
Ministry of Transport and Metrology, Madagascar
Herizo Ramanambola Andrianavalona
Ministry of Transport and Metrology, Madagascar
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html