Vientiane Sustainable Urban Transport Project (ADB-45041-002)

Countries
  • Laos
Where the impacts of the investment may be experienced.
Specific Location
Vientiane
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
Approved
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 10, 2015
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
Lao People's Democratic Republic, Ministry of Public Works and Transport
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)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 8.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 20, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
According to ADB website, the Asian Development Bank is working with the Lao People’s Democratic Republic to build a bus rapid transit system, and develop other transport solutions, to ease traffic in Vientiane, the country’s fast growing capital. The project is financing over 11 kilometers of dedicated bus lanes, 24 enclosed stations, and over 90 climate-friendly buses. It will also fund new signal lights at key intersections and a central traffic control center, as well as a national vehicle registration system. The Vientiane Sustainable Urban Transport Project (VSUTP) will improve the quality of life in Vientiane by improving access and mobility. The project will do this by establishing a sustainable urban transport management agency (SUTMA), a high-quality public bus transport system, a parking management system, and a national electronic vehicle registration system, and by improving traffic management and accessibility for pedestrians and nonmotorized transport (NMT). The project promotes gender mainstreaming, greenhouse gas reduction, and public private partnership.
Investment Description
  • Asian Development Bank (ADB)
Grant: Grant 0471-LAO: Vientiane Sustainable Urban Transport Project Global Environment Facility - US$ 1.84 million Grant: Vientiane Sustainable Urban Transport Project Asia Investment Facility - US$ 6.90 million Loan: Loan 3250-LAO: Vientiane Sustainable Urban Transport Project concessional ordinary capital resources lending / Asian Development Fund - US$ 35.00 million Loan: Vientiane Sustainable Urban Transport Project European Investment Bank - US$ 20.00 million Loan 8303-LAO: Vientiane Sustainable Urban Transport Project OPEC Fund for International Development - US$ 15.00 million
Contact Information
Project Officer: Miller, Jeffrey M. Southeast Asia Department, ADB 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