Second Road Network Development Investment Program - Tranche 2 (ADB-45389-004)

Countries
  • Azerbaijan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 29, 2014
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of the Republic of Azerbaijan, "Azeravtoyol" Open Joint-Stock Company
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 332.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 13, 2020

Disclosed by Bank Mar 20, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to ADB website, ADB is helping Azerbaijan with road upgrades along a route running from its border with the Russian Federation down to the border with Iran. The second project under the multitranche financing facility will fund a 30-kilometer section between Jalilabad and Shorsulu, and support project implementation and capacity development for the transport sector.

This project will finance construction of new motorway between Jalilabad and Shorsulu and provide capacity development. With progress having been made in the implementation of the first tranche, the land acquisition and resettlement plan (LARP) implemented, and works contractor mobilized, the government is now requesting ADB in the second PFR for Tranche 2 to help finance Project 2. Project 2 aims to develop Jalilabad to Shorsulu motorway section and provide sector capacity development. Tranche 2 will be the last tranche of the MFF.

This project is associated to the following projects:

1. ADB-45389-001: Second Road Network Development Investment Program
2. ADB-45389-002: Second Road Network Development Investment Program - Tranche 1
3. ADB-45389-003: Second Road Network Development Program

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Officer: Wu, Zheng
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.

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