Additional financing for Afghanistan Rural Access Project (WB-P149597)

Countries
  • Afghanistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
B
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 13, 2017
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
ISLAMIC REPUBLIC OF AFGHANISTAN
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 155.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 23, 2017

Disclosed by Bank Jul 1, 2016


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Project Description
The objective of the Rural Access Project for Afghanistan is to enable rural communities to benefit from all-season road access to basic services and facilities. The proposed AF would help finance the costs associated with: (a) a US$72 million financing gap which has resulted from the difference between the original cost estimates at the appraisal stage, and the revised costs from the detailed design (US$69 million) largely because of an increased focus on climate resilience, and a financial loss due to IDA Special Drawing Rights (SDR) exchange rate fluctuations (US$3 million); and (b) the scaling up of project activities (US$83 million) to increase the coverage of all-season road access, and to expand the rural road network coverage to increase other project co-benefits, especially job creation.
Investment Description
  • World Bank (WB)
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.