North-South Corridor (Kvesheti-Kobi) Road Project (ADB-51257-001)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Specific Location
K'veshet'i, Kobi
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)
  • European Bank for Reconstruction and Development (EBRD)
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
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
Ministry of Regional Development and Infrastructure of Georgia
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)
$ 250.00 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)
$ 550.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Disclosed by Bank Sep 27, 2018


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Project Description

This project provides financing for upgrades to the Kvesheti-Kobi road section on the North-South Corridor, and to build capacity of the Roads Department and technical universities on construction, operation, and maintenance of large bridges and tunnels.

According to Bank documents, this is a greenfield project which will pass through mountainous terrain, and will involve involuntary resettlement. 

Investment Description
  • Asian Development Bank (ADB)
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Ministry of Regional Development and Infrastructure of Georgia
Irakli Karseladze, First Deputy Minister
irakli.karseladze@georoad.ge
12 Khazbegi Str. 0160 Tbilisi Georgia

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