Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Armenia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
  • European Investment Bank (EIB)
Status: Approved
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.
Borrower or Client: Republic of Armenia
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-05-01
Disclosure Date: 2016-09-27
Armenia-Georgia Border Regional Road (M6 Vanadzor-Bagratashen) Improvement Project
ADB-49244-002

Project Description
This project will involve rehabilitation and reconstruction of the two-lane M6 highway between Armenia (Vanadzor) and Georgia Border (Bagratashen), one of the most heavily traveled roads for internal and external trade. It will rehabilitate and upgrade 51.5 kilometers (km) of the two-lane M6 highway from Vanadzor to the border with Georgia at Bagratashen. According to bank documents, the number of affected households is 303 (788 affected persons, at an average household size of 2.6), most of which will be partially but permanently affected.
Investment Description
According to bank documents, the European Investment Bank may also co-finance the project in the amount of US$ 56.40 million.
Contact Information
Ministry of Transport, Communication and Information Technologies Nalbandyan Str. PO Box 69, 0010 Yerevan, Armenia 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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Bank Documents