Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Azerbaijan
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)
Status: Active
Bank Risk Rating: U
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.
Board Decision Date: 2016-07-04
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 or Client: Azerbaijan Railways LTD
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Infrastructure
  • Transport
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 1.00 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): $ 1.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-08-11
Disclosure Date: 2016-08-12
Railway Sector Development Program
ADB-48386-001

Project Description
This project assists Azerbaijan Railways in transforming into a profitable company and to improve railway service delivery. This will include railway sector and corporate reforms, financial restructuring of Azerbaijan improvements to railway infrastructure, particularly along the north-south railway corridor. This project is a program preparatory technical assistance which will include preparing a comprehensive policy matrix for the loan, a feasibility study for repair and rehabilitation of the double-track section between Baku and Yalama, and ADB loan processing documents.
Investment Description
This is a Technical Assistance project.
Contact Information
Azerbaijan Railways LTD Dilara Aliyeva Str. 230, Baku, AZ1010 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