Georgia : GGU – Aqualia Green Bond Project
Project Details
-
Project Officer
Urbaneja-Furelos, David
Private Sector Operations Department
Request for information -
Country/Economy
Georgia -
Sector
- Water and other urban infrastructure and services
- Project Name
- GGU – Aqualia Green Bond Project
- Project Number
- 58189-001
- Country / Economy
- Georgia
- Location
- Tbilisi
- Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status 8478 Debt Security Leading Asia's Private Sector Infrastructure Fund 2 USD 30.00 million Committed - Operational Priorities
- OP2: Accelerating progress in gender equality
- OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
- OP4: Making cities more livable
- Sector / Subsector
Water and other urban infrastructure and services / Urban water supply
- Gender
- Effective gender mainstreaming
- Project Sponsor(s)
- Objectives and Scope
- Linkage to Country/Regional Strategy
Safeguard Categories
- Environment
- B
- Involuntary Resettlement
- C
- Indigenous Peoples
- C
Summary of Environmental and Social Aspects
- Environmental Aspects
An Environmental and Social Management System (ESMS) audit of the company, along with an environmental and social compliance audit of representative assets of the entity was conducted by an external third party in accordance with SPS requirements. The institutional capacity and commitment of the company and its water utility subsidiary, the entity, to manage the project's social and environmental impacts are considered adequate.
The rehabilitation, maintenance and repair of the entity's existing water and sanitation supply network will entail trenching of sections of the existing network, mostly along roads in urban municipality and in the surrounding municipalities. The anticipated occupational and community health and safety, pollution, and traffic impacts related to these activities can be readily managed through the procedures detailed in the company and the entity's various EHS management plans. These management plans will be enhanced to ensure consistency with applicable national laws and regulations, as well as with ADB SPS requirements.
- Involuntary Resettlement
- No physical or economic displacement is expected as proceeds will be used only for rehabilitation of existing water supply and sanitation system. The company and the entity have land acquisition and compensation policy. Activities categorized as A or B for IR will be excluded.
- Indigenous Peoples
- No Indigenous Peoples are reported in Tbilisi and adjacent municipalities. No impact is expected among distinct and vulnerable Indigenous Peoples.
- Stakeholder Communication, Participation, and Consultation
- The company and the entity have developed their respective Stakeholder Engagement Plan (SEP) external grievance redress mechanism (GRM) which will be updated to consider proposed project activities and stakeholders.
Contact
- Responsible ADB Officer
- Urbaneja-Furelos, David
- Responsible ADB Division
- Portfolio Management Division, PSOD
- Responsible ADB Department
- Private Sector Operations Department
Timetable for assistance design, processing, and implementation
- Concept Clearance
- 04 Jul 2024
- Credit Committee Meeting
- 04 Jul 2024
- Approval
- 15 Jul 2024
- Last PDS Update
- 29 Jul 2024
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.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| GGU - Aqualia Green Bond Project: FAST Report | Faster Approach to Small Nonsovereign Transactions | Jul 2024 |
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.
None currently available.
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.
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