Preparing the Issyk-Kul Ring Road Improvement Project (ADB-56146-002)

Countries
  • Kyrgyzstan
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Voting Date
Sep 14, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Kyrgyz Republic
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 2, 2022

Disclosed by Bank Sep 20, 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 bank website:

The Issyk-Kul Ring Road Improvement Project will: (i) improve the 79-kilometer Barskoon-Karakol road, a part of the Issyk-Kul Ring Road, (ii) enhance the management of the road asset, (iii) improve road safety, and (iv) support the preparation of the climate strategy and action plan. The project derives synergies with earlier assistance and adopts a cross-sectoral approach to integrated development in the Issyk-Kul Lake area, with an integration of gender perspective.

...

Central Asia Regional Economic Cooperation (CAREC) road corridors 1 and 3 provide regional connectivity with other Central Asian neighboring countries, including Kazakstan and People's Republic China. The Bishkek-Torugart road (part of CAREC Corridor 1) and the Bishkek-Osh Road (part of CAREC Corridor 3) also enable a north-south connectivity within the country. In addition, the Almaty-Bishkek Economic Corridor (ABEC) is spurring economic growth and creating jobs through greater private investments, trade, and agglomeration of economic activities. Development of the Issyk-Kul Lake area, the country's most popular tourist destination, is an integral part of the ABEC. The Issyk-Kul Ring Road also represents strategic importance for livelihoods of local communities, including women and the vulnerable group, by improving their access to job opportunities and markets for their crops and livestock.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.

Project Officer
Erdene, Oyunchimeg
Central and West Asia Department

Project contacts not available at the time of disclosure.

 

ACCESS TO INFORMATION

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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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