Improving Internet Connectivity for Micronesia Project (formerly Improving Internet Connectivity for (ADB-50348-001)

Countries
  • Kiribati
  • Micronesia
  • Nauru
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
C
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
Mar 28, 2018
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.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 36.60 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)
$ 72.80 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)
$ 72.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 21, 2019

Disclosed by Bank Sep 28, 2018


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Project Description

According to the bank website, "this will be the fifth ICT cable project undertaken by ADB. The project will link Kiribati, Nauru, and Kosrae State, Federated State of Micronesia (FSM) to the internet cable hub in Pohnpei State, FSM. The sub-marine cable will affect a corridor no more than 3-4 m wide on the sea floor in the open ocean and nearshore zone. The cable, about 4 cm in diameter in the nearshore zone, will be buried."

Investment Description
  • Asian Development Bank (ADB)

Co-financing:

World Bank US$ 36.20 million

Contact Information

Responsible ADB Officer Bhattacharya, Sibesh
Responsible ADB Department Pacific Department
Responsible ADB Division Urban, Social Development & Public Management Division, PARD
Executing Agencies
Ministry of Finance
Government Building
Nauru Ministry of Finance and Economic Development
P.O. Box 67
Bairiki, Tarawa, Kiribati

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