Railway Sector Reform Program, Subprogram 1 (ADB-55192-001)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Georgia
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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."
Borrower
Government of Georgia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 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.
Loan Amount (USD)
$ 25.00 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)
$ 58.66 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
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 9, 2024

Disclosed by Bank Apr 6, 2022

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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 ADB, the proposed program will support Georgia's railway sector reforms, which include sector regulation, corporate governance, financial restructuring, and organizational restructuring, to enhance the subsector's operational efficiency, service delivery, and financial sustainability. The project is aligned with Strategy 2030 of the Asian Development Bank (ADB) and supports the operational priorities to address remaining poverty and reduce inequalities, tackle climate change, strengthen governance and institutional capacity, and foster regional cooperation and integration; and the Central Asia Regional Economic Cooperation Railway Strategy, 2017-2030. The program is consistent with ADB's country partnership strategy for Georgia, 2019-2023, strengthening Georgia's links with global value chains.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project E&S risks as follows:

Environment C
Involuntary Resettlement C
Indigenous Peoples C
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the ADB, the proposed programmatic approach comprises two subprograms amounting to a total of $50 million from ADB's ordinary capital resources, will be complemented with parallel financing from Agence Francaise de Developpement (AFD) through a loan of 30 million and technical assistance.

Modality and Sources Amount ($ million)
ADB 25.000
Sovereign Programmatic Approach Policy-Based Lending (Regular Loan):
Ordinary capital resources
25.000
Cofinancing 33.657
Agence Francaise de Developpement - Programmatic Approach
Policy-Based Lending (Loan) (Not ADB Administered)
33.657
Counterpart 0.000
None 0.000
Total 58.657


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.

ADB Team Leader:

Jurgen Sluijter - Senior Transport Specialist

No contacts provided at the time of disclosure.

Executing Agency - Ministry of Finance:

Address: 16 V.Gorgasali str. 0105 Tbilisi
Phone: +995 32 2 261 407
Website: https://mof.ge/en/

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