Lao Road Sector Project 2 (LRSP2) (WB-P158504)

Countries
  • Laos
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
Dec 13, 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.
Borrower
Lao People's Democratic Republic, Ministry of Public Works and Transport
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • 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)
$ 47.40 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 @ WB website

Updated in EWS Oct 8, 2019

Disclosed by Bank Mar 2, 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.

According to World Bank website, the development objective of the Second Road Sector Project for Laos is to strengthen maintenance systems to improve reliable road connectivity in Lao People’s Democratic Republic, and to provide immediate and effective response in case of an eligible crisis or emergency. The project comprises of four components:

Component 1. Climate resilient road maintenance will finance the climate resilient periodic maintenance and routine maintenance works program in Phongsaly, Houaphan, Oudomxay, Xiengkhouang, Xayabouly, and Bolikhamxay provinces, including technical assistance for design and supervision of works.

Component 2. Institutional strengthening will provide technical assistance, goods, training, and operating costs for: (a) strategic planning and financing; (b) sector governance; (c) climate resilient road asset management; and (d) capacity building.

Component 3. Project management will provide technical and operational assistance for the day-to-day management, monitoring and evaluation of the project, and the carrying out of technical and financial audits.

Component 4. Contingent emergency response will finance public and private sector expenditures on a positive list of goods and or specific works, goods, services, and emergency operation costs required for emergency recovery.

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.

Team Leader: Sombath Southivong
Senior Infrastructure Specialist, World Bank
No contact information provided at the time of disclosure.

Borrower/Client/Recipient: External Finance Department, Ministry of Finance
Angkhansada Mouangkham, Deputy Director General
Email Address: angkhansada@yahoo.com

Implementing Agency: Department of Planning and Cooperation
Oulay Phadouangdeth, Director General
Email Address: oulaympwt@rocketmail.com

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.

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