Central Asia Regional Economic Cooperation Corridors 1 and 3 Connector Road Project (ADB-48401-007)

Countries
  • Kyrgyzstan
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
Sep 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
Kyrgyz Republic, Ministry of Transport and Roads
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)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 215.11 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)
$ 175.39 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 39.72 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 Nov 9, 2016


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Project Description

According to ADB website, the ADB is working with Kyrgyz Republic to build key roads in the country. The project is helping to rehabilitate 43 kilometers of a road leading to Balykchy village, and to improve a road from Kochkor village to Jyldyz village. A road leading to Aral village via the Suusamyr valley will also be improved.

The project will connect two major CAREC regional corridors by rehabilitating a crucial connector road, part of the North South Alternate Corridor, which is a priority in the National Sustainable Development Strategy. It will improve connectivity and mobility in the country and link the economic underprivileged regions with the economic hubs, as well as strengthen road maintenance practices and institutional capacity by introducing and implementing a road asset management system and a project implementation unit administrative manual and procedure.

Investment Description
  • Asian Development Bank (ADB)

Grant:
1. Concessional ordinary capital resources lending / Asian Development Fund: US$ 3.00 million
2. Concessional ordinary capital resources lending / Asian Development Fund: US$ 36.72 million

Loan:
1. Concessional ordinary capital resources lending / Asian Development Fund: US$ 58.39 million
2. Saudi Fund for Development: US$ 20.00 million
3. Islamic Development Bank: US$ 12.00 million
4. Eurasian Development Bank: US$ 85.00 million

Contact Information

Project Officer: Singru, Narendra
Central and West 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