Road Network Development Program - Tranche 4 (ADB-39176-044)

Countries
  • Azerbaijan
Where the impacts of the investment may be experienced.
Specific Location
Ganja region
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
Active
Bank Risk Rating
B
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.
Voting Date
Mar 27, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Azerbaijan, Open Joint-Stock Company
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)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 22, 2018

Disclosed by Bank Mar 21, 2017


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Project Description

According to ADB website, ADB is helping Azerbaijan finance a comprehensive road network program. Under the fourth tranche of the multitranche financing facility, the project will reconstruct four bridges and rehabilitate 30 kilometers of local roads in the Ganja-Qazax region.

The tranche 4 Project is a high priority of the government and is included in the Road Network Development Program for 2006 2015 under the Transport Sector Development Strategy. It forms part of the country's primary east west highway linking the country's capital, Baku, to the Georgian border. Currently, the bridges and local roads are in poor and critical condition, resulting in high transport costs, long delivery times, and road crashes. This constitutes impediments to non-oil sector growth and poverty reduction in Azerbaijan, as well as regional trade development. Reconstruction of these bridges and associated local roads improvement will promote national and regional trade, thus contributing to the achievement of the objectives of the state program on poverty reduction and economic development.

This project is related to three (3) active projects: ADB-39176-013 (MFF-Road Network Development Program), ADB-39176-023 (Road Network Development Program - Tranche 1) and ADB-39176-043 (Road Network Development Program - Tranche 3).

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Project Officer: San Miguel, Cesar M.
Central and West Asia Department, ADB
No contact information provided at the time of disclosure.

Executing Agency: "Azeravtoyol" Open Joint-Stock Company
Contact Person: Mr. Saleh Mammadov
Email Address: INFO@AYS.GOV.AZ
Office Address: Block 2025, R. Ismayilov Str.,
Bilajari Settlement, Binagadi Distr., Baku, Azerbaijan Republic, AZ1117

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.