Transport Project Preparatory Facility (ADB-44350-013)

Countries
  • Sri Lanka
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
Active
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.
Voting Date
Sep 22, 2016
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.
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)
$ 24.42 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 Aug 11, 2017

Disclosed by Bank Nov 9, 2016


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Project Description
DESCRIPTION The proposed Transport Project Preparatory Facility (the Project) will improve the startup efficiency of priority transport projects in the road, railway, and port subsectors by (i) preparing the feasibility studies, detailed design, and procurement documents, and (ii) providing implementation support during the inception stage of project implementation. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY The country's economy faces several short-term challenges in 2016 as the government seeks to undertake difficult reforms to re-start fiscal consolidation and tackle high priority, structural reforms, but it has favorable medium-term prospects given that the issues are being dealt with proactively. To attain high, inclusive, and sustained growth, the country needs to further invest in its international and domestic transport infrastructure. IMPACT Transport projects successfully implemented. CONSULTING SERVICES Advance contracting and retroactive financing will be used to expedite the project implementation. Consulting firms and individual consultants will be selected for preparing feasibility study, detailed engineering, procurement documents, and safeguards documents, and for providing support during the inception stage of project implementation. All consultants will be recruited in accordance with ADB's Guidelines on the Use of Consultants (March 2013, as amended from time to time). PROCUREMENT In case that goods and/or works will be required, all procurement of goods and works will be undertaken in accordance with ADB's Procurement Guidelines (April 2015, as amended from time to time).
Investment Description
  • Asian Development Bank (ADB)
Loan 3425-SRI: Transport Project Preparatory Facility Concessional ordinary capital resources / Asian Development Fund US$ 24.42 million
Contact Information
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 CONTACTS Responsible ADB Officer Nakai, Kanzo Responsible ADB Department South Asia Department Responsible ADB Division Transport and Communications Division, SARD Executing Agencies Ministry of Higher Education and Highways INFO@MOHSL.GOV.LK 8th Floor, Denzil Kobbekaduwa Mawatha, Koswata, Battaramulla, Sri Lanka Ministry of Ports and Shipping WEBMAIL@SLPA.LK Sri Lanka Ports Authority #19, Chrurch Street, Colombo 01, Sri Lanka Ministry of Transport and Civil Aviation MINTRANSPORT@SLTNET.LK 7th Floor, Sethsiripaya, Stage II, Battaramulla, Sri Lanka