Scaling Up Investments in Emerging Areas in the Water and Urban Development Sector (ADB-58048-001)

Countries
  • Cambodia
  • Fiji
  • Palau
  • Papua New Guinea
Geographic location 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
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
Aug 12, 2024
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
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Law and Government
  • Technical Cooperation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 4.10 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.
Project Cost (USD)
$ 4.10 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.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 19, 2024

Disclosed by Bank Jul 19, 2024

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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.

According to the Bank’s website, the multiregional technical assistance (TA) aims to scale up investments in emerging areas within the water and urban development sector. It will support target developing member countries (DMCs) in better managing the impacts of rapid urbanization by supporting integrated urban and regional planning, urban regeneration, and low-carbon climate-resilient retrofitting. The TA aims to (i) strengthen the governance arrangements and institutional capacities of DMCs in smart, resilient, and sustainable tourism; social and affordable housing; and subnational finance; (ii) instill best practices in infrastructure delivery and urban regeneration through the adoption of an integrated urban, regional, and risk-informed planning process and climate-resilient investment frameworks; (iii) promote climate resilience in investments, encompassing the introduction of innovations that support low-carbon initiatives, including strengthening ecological resilience by applying green spaces, green building practices in urban areas, eco-tourism, and nature-based solutions; (iv) identify opportunities to implement financial and policy innovations and mechanisms that promote operational efficiencies and financial sustainability; and (v) promote decentralization, commercialization, and private sector participation in the water, urban, housing, and tourism sectors where feasible.

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

The TA financing amount is $4.1 million, of which (i) $1.1 million will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF) ($225,000 from TASF 7; $875,000 from TASF-other sources); and (ii) $3.0 million will be financed on a grant basis by the Urban Resilience Trust Fund (URTF) under the Urban Financing Partnership Facility and administered by ADB. Expenditures will be charged against the relevant fund source, following the funds’ implementation guidelines. The governments of participating DMCs will provide counterpart support in the form of counterpart staff, office space, and other in-kind contributions.


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 contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

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How it works