Infrastructure Sustainability Support Program (Phase 2) (ADB-46220-006)

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
Approved
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
Nov 11, 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.
Borrower
Republic of Armenia
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 90.00 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 May 3, 2017

Disclosed by Bank Aug 25, 2016


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Project Description
Using a policy-based loan, this project will finance policy reforms and capacity building to improve the management and sustainability of road, water supply, and power sectors in Armenia. The program will have two subprograms and combined with TA, will support policy reforms and capacity building in the implementing and executing agencies. Subprogram 1 will focus on reviewing the economic regulator to increase independence, transparency and accountability; increasing funding for maintenance expenditure and ensuring financial viability of commercial entities in the water and power sectors; and introducing operational reforms to improve the efficiency of the transport and water government agencies, and encouraging competition in the power sector. Subprogram 2 will focus on rolling out program budgeting reforms across government, with specific support the Ministry of Transport and Communication, and the State Committee on Water Economy; implementing the changes recommended for the economic regulator, including increased funding; entrenching increased funding for maintenance activities; and concrete actions to implement operational reforms.
Investment Description
  • Asian Development Bank (ADB)
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