According to the Bank’s website, the proposed Railway Sector Reform Program aims to establish the economic and financial sustainability of the railway sector in Georgia, with profitability and debt service coverage ratios reestablished at effective levels. The program will provide a policy-based loan to assist in the reform of the Georgian railway system to strengthen financial stability and investment planning capacity through the provision of more efficient, demand-driven railway transport services for both freight markets and passenger public service obligations.
The Asian Development Bank (ADB) will provide a transaction technical assistance (TA) grant to the Government of Georgia and Georgian Railway to support capacity building and the design and implementation of railway reforms. This includes assistance in implementing the policy loan by supporting the Georgian Railway departments that oversee the reforms identified in the program's policy matrix.
Senior Transport Specialist- Asian Development Bank
ACCESS TO INFORMATION
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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.