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

Countries
  • Nepal
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Aug 25, 2016
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.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 55.00 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)
$ 65.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 1, 2017

Disclosed by Bank May 25, 2016


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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.
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
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.
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

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