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

Countries
  • Azerbaijan
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
Jul 29, 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 the Republic of Azerbaijan, "Azeravtoyol" 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)
$ 250.00 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)
$ 250.00 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)
$ 332.00 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 Jan 8, 2018

Disclosed by Bank Mar 20, 2017


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

Project 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
  • Asian Development Bank (ADB)
Contact Information
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.