Infrastructure Sustainability Support Program (ADB-46220-001)

Countries
  • Armenia
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
Canceled
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
Aug 28, 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 Armenia, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 49.90 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)
$ 49.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 8, 2018

Disclosed by Bank Mar 30, 2016


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Project Description
According to ADB website, ADB is supporting an integrated approach to road and water management in Armenia. The program will assist the government in improving management systems for the road and water sectors. It will develop strategies and processes to allocate investments more efficiently, improve regulatory frameworks, and monitoring systems. The impact of the project will be improved service delivery in the road transport and water supply sectors.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Hodge, Matthew W. Central and West Asia Department, ADB No contact information provided at the time of disclosure. Executing Agency: Ministry of Finance (MOF) Email Address: PRESS@MINFIN.AM Office Address: 1 Melik Adamyan, Yerevan 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