This project is still under review by the EWS. Project information and/or project analysis may be incomplete.
Central Asia Regional Economic Cooperation Corridors 1 and 3 Connector Road Project Design Advance (ADB-48401-006)

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
Active
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
Jun 2, 2015
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.
Investment Amount (USD)
$ 3.00 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

Disclosed by Bank Mar 23, 2017


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Project Description
DESCRIPTION A PDA grant for $3 million will support the detailed engineering design for the project and external financial audit of the PDA account. The PDA is not listed in the country operations business plan for 2015_2017 and will follow approval and reporting procedures laid out for PDA financing not listed in the current year's plan. The PDA is proposed to be financed from ADB's Special Funds resources and is the first PDA grant for the project. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY The PDA will fund (i) the engineering consultant recruited to prepare the detailed design and advance procurement actions of the project, and (ii) the financial audit firm required for auditing the use of the PDA. The PDA will allow the government to complete the detailed engineering design before the proposed project become effective. Once the ensuing financing becomes effective, the civil works contract will be either almost ready to be awarded or already awarded. The PDA will allow about 2 years of time saving from the grant effectiveness to contractor mobilization during the initial phase of implementation. IMPACT Enhanced regional connectivity and trade via CAREC Corridors 1 and 3 connector road. CONSULTING SERVICES All consulting services to be financed will be recruited following ADB's Guidelines on the Use of Consultants. PROCUREMENT All goods and works to be financed will be recruited following ADB's Procurement Guidelines.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
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