Georgia : Georgian Railway Green Bond Project

Nonsovereign Project | 55132-001

Project Details

  • Project Officer
    Kim, Viktoriya
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Georgia
  • Sector
    • Transport
Project Name Georgian Railway Green Bond Project
Project Number 55132-001
Borrower / Company Georgian Railway JSC
Country / Economy Georgia
Location Nation-wide, Tbilisi
Type or Modality of Assistance
7681 Debt Security Ordinary capital resources USD 50.00 million Committed
Operational Priorities OP1: Addressing remaining poverty and reducing inequalities
OP2: Accelerating progress in gender equality
OP4: Making cities more livable
OP7: Fostering regional cooperation and integration
Sector / Subsector

Transport / Rail transport (non-urban)
Gender Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Kim, Viktoriya
Project Sponsor(s) Georgian Railway JSC
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement B
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects ADB funds will be used for capital expenditures related to the upgrade of two existing substations, and the partial refinancing of debts incurred for the improvement of existing railway lines as part of the modernization project, covering preliminary works, subgrade works, the upgrade of associated infrastructure and electric traction supply lines, and railway track enhancements. Although the remaining works to be conducted are likely to have minimal environmental impacts, this project is categorized as B for environment, giving consideration to potential legacy environmental impacts that may be associated with the completed construction work. The client has agreed to implement the corrective actions identified as part of the safeguards compliance audits.
Involuntary Resettlement ADB funds will be used for refinancing railway modernization activities on property owned by the client and on existing lines and Rights of Way. While additional land acquisition is not anticipated, as part of enhancements made to its Environmental and Social Management System (ESMS), the client will apply IR screening, categorization and planning measures to ADB financed activities to ensure no category A impacts are generated and also ensure category B impacts are managed in a manner consistent with the requirements of ADB SPS SR2.
Indigenous Peoples Due diligence determined that none of the activities financed by ADB are expected to be undertaken in areas that may be claimed by groups potentially definable as IPs. The project will not have any direct or indirect effect on the traditional socio-cultural, belief practices, and livelihood systems of IPs or vulnerable ethnic minorities and has been categorized as C for Indigenous Peoples safeguards.
Stakeholder Communication, Participation, and Consultation The company will ensure effective stakeholder engagement and consultation in the implementation of project activities including those undertaken by the project contractors, as required under its enhanced Environmental and Social Management System (ESMS) and to ensure compliance with ADB policy requirements. The ESMS will include procedures for internal and external stakeholders to raise complaints with specified steps for response and resolution.
Timetable for assistance design, processing and implementation
Concept Clearance 09 Apr 2021
Credit Committee Meeting 03 May 2021
Approval 10 Jun 2021
Last PDS Update 04 Jul 2022

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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Title Document Type Document Date
Georgian Railway Green Bond Project: Report and Recommendation of the President Reports and Recommendations of the President May 2021
Georgian Railway Green Bond Project: Gender Action Plan Gender Action Plans May 2021
Georgian Railway Green Bond Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Apr 2021

Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Georgian Railway Green Bond Project: Environment and Social Compliance Audit Report Environment and Social Compliance Audit Reports May 2021

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.