Western Regional Road Corridor Investment Program - Tranche 2 (ADB-41193-019)

Countries
  • Mongolia
Where the impacts of the investment may be experienced.
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
Approved
Bank Risk Rating
A
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
May 14, 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
People's Republic of Mongolia
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)
$ 125.00 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)
$ 125.00 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 Oct 11, 2017

Disclosed by Bank Apr 28, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to ADB website, ADB is supporting a road project along a transport corridor that links Mongolia to the Russian Federation in the north and People's Republic of China in the south. Tranche 2 of the program includes 103.9 kilometers of paved road between Khovd and Khashaatin Davaa pass, two bridges and urban roads in Khovd, a road maintenance center, and capacity development.The program will be inclusive economic growth promoted by enhanced local and regional connectivity in the remote western region of Mongolia.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Nishimura, Masahiro East Asia Department No contact information provided at the time of disclosure. 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