Chuuk Water Supply and Sanitation Project (Project Readiness Financing) (ADB-53284-001)

Countries
  • Micronesia
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
U
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
Dec 10, 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
Government of Micronesia
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
  • Water and Sanitation
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)
$ 5.00 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)
$ 5.00 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 Jan 24, 2020

Disclosed by Bank Dec 10, 2019


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Project Description

No information available at the time of disclusure.

The bank updated the project description:

"The project readiness financing (PRF) grant will prepare the ensuing project - Chuuk Water Supply and Sanitation Project (CWSSP) and facilitate a transition to a smooth project implementation. It will help streamline the initial contract awards and expedite the disbursements. The PRF will finance consulting firms and individual consultants, as well as the equipment, to achieve three outputs: (i) creating an enabling environment for the ensuing investment project of CWSSP; (ii) identifying the investment scope, preparing the project readiness, and procuring key project components; and (iii) developing a smooth transition to implementation by strengthening CPUC's water supply operations..."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Stephen Blaik
Responsible ADB Department Pacific Department
Responsible ADB Division PAUW
Executing Agencies
Department of Finance and Administration
PS2, Palikhir, Pohnpei State
Federated States of Micronesia

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