Connectivity Infrastructure Development Project (ADB-48238-001)

Countries
  • Myanmar
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
Dec 10, 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
Yoma Strategic Holdings
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • 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)
$ 100.00 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)
$ 100.00 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 Mar 27, 2019

Disclosed by Bank Apr 7, 2015


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Project Description

According to ADB website, the connectivity improvement project will support the long-term investments of Yoma Strategic Holdings (YSH) in connectivity infrastructure subprojects in Myanmar to advance inclusion of isolated people, reduce urban-rural development gaps, and attract private investment into diverse geographic areas and sectors. These objectives will be achieved by giving people and goods better access to more opportunities and markets, improving productivity through reduced transport and other transaction costs, and promoting domestic and international trade. Initial subprojects will include telecom towers, cold storage logistics, and fleet leasing.

The project involves investments in various infrastructure facilities in Myanmar which will improve connectivity of people and goods such as telecom, flotilla, port and airport, and distribution and logistics, which Yoma Strategic Holdings (Yoma) plans to make over the next two years.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Project Officer: Taneja, Anshukant
Private Sector Operations 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