Second Water Supply and Sanitation Sector Project (ADB-49384-002)

Countries
  • Armenia
Where the impacts of the investment may be experienced.
Specific Location
Yerevan city, Ararat, Armavir, and Aragatsotn
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
Proposed
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.
Borrower
Government of Armenia
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
$ 55.00 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)
$ 55.00 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 13, 2019

Disclosed by Bank Dec 7, 2016


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Project Description

According to ADB website, the project will focus on Yerevan city, Ararat, Armavir, and the mountainous Aragatsotn region. These regions have a combined population of 1.8 million (50% of the country's population) and cover an area of more than 5,400 square kilometers. The main reasons for focusing on this geographical area, especially Yerevan and the Ararat, are their economic importance, vulnerability to over abstraction of ground water, drought, climate change, and absence of intersectoral river basin management plans.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Ministry of Energy and Natural Resources of the Republic of Armenia
Government Building 2, Republic Square
375010 Yerevan, Republic of Armenia

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