Tribhuvan International Airport Capacity Enhancement Investment Program (ADB-38349-025)

Countries
  • Nepal
Where the impacts of the investment may be experienced.
Specific Location
Kathmandu
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Goverment of Nepal
The holder of the loan, grant, or other investment.
Sectors
  • 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, etc.
Investment Amount (USD)
$ 240.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 26, 2018

Disclosed by Bank Sep 21, 2018


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Project Description

Arcording to the bank document, "the Government of Nepal requests ADB to finance the development of Tribhuvan International Airport (TIA) in Kathmandu in accordance with the TIA master plan 2010-2028. The investment program will finance the physical investment on the airside facility improvement to meet the standards of the International Civil Aviation Organization (ICAO). It will also provide the capacity development support to ensure the clear functioning of the newly established air transport regulations and operations entities to be established through the bifurcation of the Civil Aviation Authority of Nepal (CAAN) for the self-sustained improvement of air transport in Nepal, possibly with the private sector participation in airport operations.

The investment program and its outcome are consistent with the strategic objective set out in the Country Partnership Strategy, 2013-2017: to support the government's development objective of accelerated, sustainable, inclusive economic growth. As TIA is a key infrastructure to promote the regional connectivity, the capacity enhancement needs of TIA were specifically recognized at the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation workshop held on 28-29 May 2014 by the participant member countries. The investment program is included in the 2016-2018 Country Operations and Business Plan as a firm lending product from ADF in 2017."

 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Yeo, Kai Wei
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies Civil Aviation Authority of Nepal
P. B. No. 284, Babar Mahal
Kathmandu
Nepal

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main