CAREC Corridors 1 and 6 Connector Road (Aktobe-Makat) Reconstruction Project (ADB-48424-002)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Specific Location
Aktobe, Artyrau
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Aug 26, 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
Ministry of Investment and Development
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • 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)
$ 240.30 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)
$ 556.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Aug 26, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project finances the upgrade and reconstruction of a 299km road section between the capitals and administration centers of Aktobe and Atyrau provinces in western Kazakhstan, and introduce key features of a transport information system.
Investment Description
  • Asian Development Bank (ADB)
This project is being co-financed for an amount of US$273 million by the Islamic Development Bank.
Contact Information
Ministry of Investment and Development MID@MID.GOV.KZ Transport Tower, 47 Kabanbay Batyr Ave. Astana 010000 Kazakhstan 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