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Signature(s)

Amount
€ 28,000,000
Countries
Sector(s)
Madagascar : € 28,000,000
Transport : € 28,000,000
Signature date(s)
23/06/2016 : € 28,000,000

Summary sheet

Release date
7 April 2017
Status
Reference
Signed | 07/04/2017
20140153
Project name
Promoter - financial intermediary
DEVELOPPEMENT RESEAU PERI-URBAIN ANTANANARIVO
PUBLIC ENTITY(IES)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 28 million
EUR 63 million
Location
Sector(s)
Description
Objectives

The project is part of the Grand Antananarivo Programme designed to reduce the chronic traffic congestion in the Madagascar capital and comprises two missing sections of the ring roads north-east and east of Antananarivo.

The project comprises the construction of two missing sections of the bypass for Antananarivo, one section approximately 2.4 km long, and the other 3.6 km long. There will also be an additional urban connection section of 1 km to permit easier access to the town centre. The road alignment has been confirmed by two independent studies. Additional road safety measures will also be incorporated in order to improve pedestrian access and reduce traffic accidents.

Environmental aspects
Procurement

The project is to be subject to a comprehensive environmental and social impact assessment (ESIA), in line with the principles of EU legislation, including formal public consultation. Land acquisition will cause both physical and economic displacement, with particular negative impact on rice fields. Appropriate compensation will be provided to people affected by the project in accordance with national legislation and lenders' requirements. Food security considerations will also be taken into consideration during the appraisal. Labour conditions will be closely monitored.

The promoter is a state-owned entity and, if located within the EU, would be subject to Directive 2004/18/EC. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - DEVELOPPEMENT RESEAU PERI-URBAIN ANTANANARIVO
Publication Date
6 Apr 2017
Document language
Main Topic
Lending
Document Number
64462913
Document Focus
Environmental Information
Project Number
20140153
Sector(s)
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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