BAM INTERNATIONAL B.V. (FMO-57970)

Countries
  • Ghana
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 10, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BAM International B.V.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.36 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.33 MLN
Converted using 2020-04-29 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 29, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The funding objective is to support BAM International B.V. in preparing and performing the studies/surveys and ESIA needed, prior to financial close, to move forward to the implementation phase of the bridge component of the Project. The proposed Project will consist of two main components: I. Design and construction of Adowso Bridge, the bridge is expected to have a length of ca. 2.5 km (subject to topographical surveys) and shall connect Adowso to Ekyiamentfrom in the Eastern Region of Ghana. The works consists of the turnkey design, supply and construction of a new 2 lane bridge and walkways on both sides. II. Design and construction/upgrading of approx. 128 km of approach roads, connecting the National road N6 with the Adowso bridge. The approach road is from Adowso to Bunso, through Kwahu, Maiso and Begoro. The design and construction of the Adowso Bridge will be executed by BAM International and its consortium partner Janson Bridging International. The UK branch of the Brazilian contractor Contracta will upgrade the approach roads within the Afram Plains

The project will focus on enabling infrastructure facilities to better connect the agricultural Afram plains to the local and regional markets and to contribute to the Ghana's national effort to increase food security. Additionally, it will provide proper access to social services (health, education) for the rural population in the catchment area. By funding this project, we are also pro-actively supporting Dutch interest in Ghana, as BAM and its partner JBI have been appointed by the Government of Ghana as the contractor for the design and construction of the Adowso Bridge.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works