Metro Manila Water and Sanitation Development Project (ADB-48173-001)

Countries
  • Philippines
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
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
Nov 25, 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
Republic of the Philippines, Metropolitan Waterworks and Sewerage System
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.00 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 Jan 2, 2018

Disclosed by Bank Dec 11, 2014


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Project Description
According to ADB website, the proposed project loan will finance priority water and sanitation investments of Metropolitan Waterworks and Sewerage System (MWSS) and will contribute to improving the living and health conditions in the National Capital Region (NCR), which accounts for 33% of the nation's GDP. The Project will also provide institutional capacity strengthening to MWSS, including for regulatory oversight, financial planning, and asset and water security management. The proposed project preparatory technical assistance will also assess the suitability of establishing a partnership between the Asian Development Bank (ADB) and MWSS through a multitranche financing facility (MFF). Management approval will be sought once the government requests for an MFF. This project is associated to a proposed ADB project: Metro Manila Wastewater Improvement Project (ADB-48173-003).
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Tansengco-Schapero, Stella Southeast Asia Department No contact information provided at the time of disclosure. 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