East-West Highway (Khevi–Ubisa Section) Improvement Project (ADB-49257-001)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Specific Location
Khevi; Ubisa; Batumi
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
Proposed
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
Jan 16, 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
Republic of Georgia
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • 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)
$ 200.00 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

Updated in EWS Aug 11, 2017


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Project Description
This project will finance improvements to the Khevi-Ubisa section of Georgia's East-West Highway, an integral part of one of the six key Central Asia Regional Economic Cooperation (CAREC) corridors. This project will construct a continuation of the Kuboleti bypass along the major Black Sea port Batumi. This includes 15km of new dual carriageway on the EWH between Khevi and Ubisa.
Investment Description
  • Asian Development Bank (ADB)
This project builds on previous installments financed by the World Bank, the European Investment Bank, and the Japanese International Cooperation Agency. The breakdown of this loan is as follows: US$100 million from the ADB's ordinary capital resources US$100 million from the Export-Import Bank of Korea
Contact Information
*No contacts available* 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