Metro Manila Transport Project, Phase 1 (ADB-51117-003)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Philippines
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
Canceled
Bank Risk Rating
A
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 the Philippines
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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)
$ 100.00 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 Feb 15, 2019

Disclosed by Bank Dec 7, 2017


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Project Description

According to ADB website, the proposed Project will address the key issue of high cost of transport across Manila and more specifically on the major transport corridor of the Epifanio de los Santos Avenue (EDSA), by reducing travel time, increasing passenger throughput; improving connectivity between different transport modes and the surroundings areas; and improving the ability of government to manage and operate the various transport systems that run along EDSA in a more efficient and effective way. The indicative loan amount of $500 million will improve all major transport modes along EDSA, Metro Rail Transport Line 3 (MRT-3), buses, and private vehicles, as well as improve pedestrian facilities.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

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