Nationwide Data Connectivity Project (ADB-52200-001)

Countries
  • Myanmar
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
Feb 19, 2019
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
Ooredoo Q.P.S.C.
The holder of the loan, grant, or other investment.
Sectors
  • Communications
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)
$ 500.00 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)
$ 500.00 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)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Corporate Actor Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 16, 2019

Disclosed by Bank Jun 12, 2019


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Project Description

According to the bank document, the proposed project is responsive to Asian Development Bank’s (ADB’s) country partnership strategy for Myanmar, which includes improving access and connectivity to address critical infrastructure needs, connect rural and urban areas and markets, and link Myanmar’s businesses with its neighbors and the global marketplace.


It is also aligned with ADB’s Strategy 2030, which highlights the operational priorities in accelerating progress in gender equality and the need for private sector participation in infrastructure projects in new communication technologies and the mobilization of private sector resources for innovation and job creation.

Ooredoo Myanmar will access ADB’s assistance to expand its fourth-generation (4G) network coverage, upgrade telecommunications equipment for existing sites, expand fiber cable network, and acquire additional spectrums and licenses.

Investment Description
  • Asian Development Bank (ADB)

Ordinary capital resources (3776 ADB's Loan) USD 150.00 million

Ordinary capital resources (3777 ADB's Loan) USD 350.00 million

Private Actors
Contact Information

Responsible ADB Department Private Sector Operations Department

Responsible ADB Division Infrastructure Finance Division 2

Responsible ADB Officer Hong, Won Myong

*There is no further information being disclosed at this stage of the project*

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