Madagascar : Multimodal Transport and Logistics Project (AIIB-000965)

Countries
  • Madagascar
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Republic of Madagascar, Muryelle Rabemananjara
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 305.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Oct 27, 2026


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: USD 305 million

Financing Plan:

WB IDA: USD 200 million

AIIB loan: USD 100 million

Private sources: USD 5 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

PROJECT TEAM LEADER

Asian Infrastructure Investment Bank

Pascal Roussel

Senior Investment Officer

pascal.roussel@aiib.org

World Bank

Vincent Vesin

Senior Investment Officer

vvesin@worldbank.org

BORROWER

Republic of Madagascar

Muryelle Rabemananjara

Ministry of Finance, Republic of Madagascar

rabem.muryellessp@gmail.com

IMPLEMENTING ENTITY

Ministry of Transport and Metrology, Madagascar

Herizo Ramanambola Andrianavalona

Ministry of Transport and Metrology, Madagascar

infos@mtm.gov.mg

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 

How it works

How it works