Cyclone Pam Road Reconstruction Project (additional financing) (ADB-49319-002)

Countries
  • Vanuatu
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
Aug 9, 2017
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 Vanuatu, Ministry of Finance & Economic Management
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)
$ 8.20 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)
$ 4.10 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)
$ 4.10 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 Oct 14, 2017

Disclosed by Bank Aug 11, 2017


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Project Description
According to ADB website, the Cyclone Pam Road Reconstruction Project will support the efforts of the Government of the Republic of Vanuatu to reconstruct, and climate and disaster proof, the transport sector infrastructure on Efate ring road damaged by TCP floods and storm surges. The additional financing will provide further support to reconstruct, improve climate-resilience and disaster-proof the transport sector infrastructure on Efate ring road damaged by Tropical Cyclone Pam floods and destructive storm surges in March 2015.
Investment Description
  • Asian Development Bank (ADB)
Government US$ 1.2 million
Contact Information
Project Officer: Indrawansa, P.P.G.P.P. Pacific 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