Greater Male Waste to Energy Project (formerly Greater Male Environmental Improvement and Waste Mana (ADB-51077-003)

Countries
  • Maldives
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
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.
Borrower
Government of Maldives
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 47.56 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)
$ 25.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 22.27 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 Oct 29, 2019

Disclosed by Bank Jul 19, 2019


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Project Description

According to the bank website, The project will:

(i) establish an integrated regional solid waste management system in Greater Male consisting of collection, transfer, treatment using advanced waste-to-energy (WTE) technology, disposal, recycling, and dumpsite closure and remediation;

(ii) strengthen institutional capacities for solid waste services delivery and environmental monitoring, and improve public awareness in reduce-reuse-recycle (3R); and

(iii) reduce greenhouse gas emissions, create a cleaner environment, and improve climate change resilience.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Luca Di Mario
Responsible ADB Department South Asia Department
Responsible ADB Division Urban Development and Water Division, SARD
Executing Agencies Ministry of Finance (formerly Ministry of Finance and Treasury)
Ameenee Magu, Block 379, Male', Republic
of Maldives

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