Additional finance to Road Sector Development Project (WB-P157607)

Countries
  • Nepal
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
Aug 25, 2016
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.
Sectors
  • Industry and Trade
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)
$ 55.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 65.00 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 Aug 1, 2017

Disclosed by Bank May 25, 2016


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Project Description
The objective of the Second Additional Financing for the Road Sector Development Project for Nepal is for the residents of beneficiary districts to have all season road access thereby reducing travel time and improving access to economic centers and social services. This scope of works constitutes both a scale up of project activities and a restructuring of components to address post-quake needs, further capacity development, and resilience enhancements. The results framework of the parent operation will be modified in order to better reflect attributable outcomes from project interventions. The Government of Nepal (GON) originally requested this Second Additional Financing for the project through a letter from the Ministry of Finance (MoF) to the Bank dated May 18, 2015. In addition to IDA’s contribution to support for the Second AF, GON would also contribute US$ 10.0 million for a total Second AF project size of US$ 65.0 million.
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. CONTACTS World Bank Contact: A.K. Farhad Ahmed Title: Sr Transport. Spec. Contact: Dominic Pasquale Patella Title: Sr Transport. Spec. Borrower/Client/Recipient Name: Government of Nepal represented by Ministry of Finance Contact: Dr. Baikuntha Aryal Title: Joint Secretary Email: baryal@mof.gov.np Implementing Agencies Name: Department of Roads Contact: Mr. Sanjaya Kumar Shrestha Title: Project Director Email: sanjayashrestha@dor.gov.np