South Asia Subregional Economic Cooperation Road Connectivity Investment Program-Tranche 2 (ADB-47341-003)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Manipur
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
A
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
Aug 13, 2018
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 India
The holder of the loan, grant, or other investment.
Sectors
  • Transport
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)
$ 150.00 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)
$ 150.00 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)
$ 307.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 17, 2019

Disclosed by Bank Sep 21, 2018


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Project Description

According to the bank website, "Tranche 2 will finance upgrading of a part of Asian Highway (AH)-1 connecting to Myanmar from Manipur state and construction of an international bridge between India and Nepal as the last mile connectivity improvement along AH-2. It will also finance a part of the project cost of the state highway in Manipur being constructed as a subproject under tranche 1. The tranche 2 subprojects will further reduce transaction costs along the targeted cross-border corridors, ushering in economies of scale and commercial prosperity."

Investment Description
  • Asian Development Bank (ADB)

Co-financing:

Government of India US$ 157.8 million

Contact Information

Responsible ADB Officer Lu, Yang
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies
-Ministry of Finance (Aid Accounts & Audit Division)
CAAA@NIC.IN.
5th Floor, B Wing, Janpath Bhawan Janpath, New Delhi 110 001
-India Ministry of Road Transport and Highways
Transport Bhavan Room 509
-Public Works Department State of Manipur
KHTEMBA@GMAIL.COM
PWD Complex, Khuyathong, Imphal Manipur 795001 

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