Sustainable Transport Infrastructure Improvement Program (ADB-46499-002)

Countries
  • Solomon Islands
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
Active
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
May 27, 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
Government of Solomon Islands
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)
$ 21.00 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)
$ 83.30 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 Jul 31, 2017

Disclosed by Bank Sep 26, 2016


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Project Description
The NTP formally sets out strategic objective of developing an effective transport infrastructure and transport services to support sustained economic growth and social development in Solomon Islands. The plan provides the framework to develop and maintain transport sector physical infrastructure and services, and improve the capacities of government agencies and the private sector. The NTF serves as a sustainable mechanism to fund the development and maintenance of transport infrastructure and transport services. Of the 1502 km of sealed and unsealed roads, 377 bridges and 81 wharves, NTP targets to rehabilitate these infrastructure assets to maintainable conditions and 100% to be annually maintained by 2030.
Investment Description
  • Asian Development Bank (ADB)
Cofinancing Australian Grant US$ 27.85 million Government US$ 34.45 million
Contact Information
Ministry of Infrastructure Development PO Box 1213 Honiara, Solomon Islands 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