ADB today approved a $20 million loan to support Bhutan’s efforts to stimulate the economy, protect public health, and mitigate the effects of the novel coronavirus disease (COVID-19) pandemic on its people.

ADB and the Government of Mongolia today signed $40 million in loans and a $2 million Japan Fund for Poverty Reduction grant to support the modernization of government-owned irrigation networks and vegetable production in Mongolia.

The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel ....

ADB today approved an additional $500 million loan to bolster the efforts of the Government of Bangladesh to manage the impact of the novel coronavirus disease (COVID-19) pandemic on the country’s economy and the public health.

ADB has approved $30 million in extra financing for a health sector project in Mongolia to strengthen the country’s preparedness and response to the novel coronavirus disease (COVID-19) pandemic.

CHENNAI: As if land grab bids and ‘double documents’ are not menace enough for property owners/buyers, the state registration department shocked the Madras high court on Monday, saying it is difficult to issue encumbrance certificates without any fault. An encumbrance certificate (EC) is the basic document which reveals the current status of an immovable property. It is supposed to contain correct ownership details of a piece of property and inform the applicant whether it is encumbered or mortgaged in favour of a bank or any individual. However, responding to an anticipatory bail petition of a landowner who ended up purchasing another person’s property as the EC did not reflect latest […]

CHENNAI: The Kotturpuram branch of Indian Bank has invited tenders for auction of a property belonging to film producer and director Gautham Vasudev Menon in Adyar. As per details on Tenders India (a government tender information system), the auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore. The winning bidder, expected to put up 50 lakh as a deposit. The property is 7,091 sqft, and the market price of each ground (2,400 sqft) in the area is 4.5 crore to 5 crore. “This particular account has been a non-performing asset (NPA) for some time and […]

Mumbai: During 1Q 2014, the Mumbai office markets witnessed a further decline in office space absorption indicating cautious occupier sentiment. This lack of demand can be attributed to a low level of IT/ITeS sector participation in the overall absorption, which is currently the primary demand generating sector across the cities. This quarter only about 0.42 million sq ft of Grade A office space was leased with a few mid-sized deals concluded in Central and Western Suburbs, and Navi Mumbai. Construction activities remained slow. No projects / phases of projects were completed this quarter. Developers also refrained from launching new projects due to low demand. More than 7.5 million sq ft […]

BANGALORE: Online real estate portal CommonFloor has raised $30 million (over Rs180 crore) in its fifth round from existing investor Tiger Global. In January, the Bangalore-based company had raised about Rs 65 crore from Tiger Global and Accel Partners. Sumit Jain, cofounder and chief executive officer of CommonFloor, confirmed the investment. “We will invest in technology, product development, hiring and expanding to at least 22 new cities in the next one year,” he said. While the company did not disclose the valuation it received, Jain said that Common Floor expects to earn a revenue of $25 million in the next one year. “We have grown 100% in terms of revenue […]

Alastair Hughes, CEO (Asia Pacific) of Jones Lang LaSalle (JLL), who was in Bangalore to hold a board meeting of the Asia Pacific region comprising China, Japan, Australia, South East Asia and India, spoke to BusinessLine to share the real estate market sentiment and key issues on corporate leasing. How is the realty market in India as compared to other countries in Asia Pacific ? India has seen a dramatic recovery. The hangover did not last very long as it had in 2010-2011. The market is very dynamic here right now. While Asia-Pacific began to recover in 2012-2013, India went through a lull, largely due to lack of business confidence, […]

The United States has approved a $2.3 billion deal on attack helicopters for Egypt, but an official insisted Friday that Washington was still pressing on human rights concerns.

The north–south railway line comprised two parts: the northern section, from Uzen (Kazakhstan) to Bereket (Turkmenistan), is 596 km long; and the southern section, from Bereket to Gorgan (Iran) is 338.5 km long. The government requested ADB to finance only the design and installation of the power supply, signal systems, and telecommunication systems for 311 km of the northern section, from Bereket to Hazar. The project’s expected impact was increased trade between Turkmenistan and other countries in the region.

The government of Indonesia wanted to improve land and water management in the Citarum River Basin, and requested assistance from the Asian Development Bank (ADB) to develop a long-term integrated water resources management (IWRM) investment program as part of its strategic road map. In December 2008, ADB approved a multitranche financing facility (MFF) for the Integrated Citarum Water Resources Management Investment Program to support the implementation of the IWRM road map in the basin. A periodic financing request was formulated to implement priority activities from the road map.

The project’s targeted outcome was improved access to social and economic facilities in the project areas, particularly in education and health services, and transport hubs in Timor-Leste. These were to (i) rehabilitate 232 kilometers (km) of priority roads; (ii) develop and implement a new road maintenance program; (iii) improve border post facilities; and (iv) provide consulting services and technical assistance (TA) in all aspects of project development and implementation.

In December 2006, the Asian Development Bank (ADB) approved a $900.0 million equivalent multitranche financing facility (MFF) for the Punjab Irrigated Agriculture Investment Program (PIAIP) to finance improvements to Punjab’s irrigation sector. At the same time, two loans for tranche 1 totaling $227.8 million equivalent were approved using the MFF for $217.8 million equivalent from ADB’s ordinary capital resources and $10.0 million equivalent from ADB’s Asian Development Fund (ADF).

The program aimed to increase the role of women entrepreneurs in economic development and address constraints they and micro, small, and medium-sized enterprises (MSMEs) faced. The program had two components—a policy-based loan (PBL) and a financial intermediation loan (FIL) — each at $20.0 million. The program was supported by a technical assistance (TA) capacity building component of $0.6 million.

The government requested financing from the Asian Development Bank (ADB) to support the National Highway Authority (NHA) in constructing new roads and improving existing ones along the backbone from Peshawar to Karachi, to Gwadar Port in Baluchistan, as well as connections between Pakistan and the People’s Republic of China. Following the completion of loan preparatory activities in May 2007 and loan negotiations in October 2007, the ADB Board in December 2007 approved a multitranche financing facility (MFF) for $900 million to support the NTCIP–Tranche 1.

The project aimed to improve the transport conditions and services in Longnan municipality in the People's Republic of China. The targeted outcomes were the provision of efficient, safe and reliable road transport in the project area; and improved access to markets, income generating opportunities, education and health services and social activities for rural people. Key to this was a targeted reduction in travel times of between 5 and 7 hours, with 90% of the villages being served by an all-weather road.

The Highlands Region Road Improvement Investment Program, a multitranche financing facility (MFF), aimed to ensure the maintenance of the Highlands Core Road Network, comprising 2,500 kilometers (km) of major national and provincial roads. The MFF is funded through three tranches. The first tranche (Project 1) had six components. The physical component was improvements to 211 km of national roads. Two components supported the Department of Works (DOW) and the National Roads Authority (NRA) in project implementation.

The project aimed to improve access of micro, small, and medium enterprises (MSMEs) to commercial financing and market opportunities, thereby fostering growth, competitiveness, and employment creation in India. There were three targeted outputs. First was enhance credit delivery through Small Industries Development Bank of India (SIDBI) and participating financial institutions in the MSME subsector. Second was increased SME productive and managerial capacity and related new jobs created for new markets.

The Bishkek–Torugart road serves several important functions. It is part of the CAREC Corridor 1(c) extending from Troitsk in the Russian Federation to Kashi in Xinjiang Uygur Autonomous Region of the PRC, and is the shortest route from Bishkek to Kashi. It is the only north–south trunk road in the central Kyrgyz Republic connecting Naryn oblast, the poorest of the Kyrgyz Republic’s seven oblasts, and the city of Naryn to the rest of the country. It is the only road providing direct access to Issyk Kul Lake region, which is one of Central Asia’s well-known tourist destinations.

The State Government of Madhya Pradesh requested the Asian Development Bank (ADB) to finance the rehabilitation and upgrade of 1,080 km of state highways in Madhya Pradesh under the state road rehabilitation program. The project was to upgrade existing roads to two or intermediate lanes (two-lane standard), strengthen existing pavement, strengthen culverts and bridges, and construct new bridges and cross-draining structures. The project roads were mostly in poor areas of the state in the eastern and west central areas of Madhya Pradesh.

The project aimed to construct the Fiu River hydropower plant and extend the distribution grid to peri-urban households in the main provincial center of Auki in Solomon Islands. Hydropower generation was to benefit the economy by reducing fossil fuel imports and lowering the cost of power generation. Likewise, it was intended to improve energy security and minimize tariff volatility. The use of renewable energy was also aimed at reducing greenhouse gas emissions. This report validates the completion report's assessment of the project. IED overall assessment: Unsuccessful. 

The Madhya Pradesh Power Sector Investment Program in India was a multitranche financing facility (MFF) designed to support Madhya Pradesh state’s sustainable economic growth and social development by investing in the statewide power transmission and distribution networks. The MFF supported the state government in expanding its power transmission, distribution, and management infrastructure and capacity.

The Annual Evaluation Review (AER) is the flagship report of the Independent Evaluation Department (IED) on the operational performance and results of the Asian Development Bank (ADB). This is an important year for the AER as it marks the first full year of Strategy 2030’s implementation. The AER provides a synthesis of the evaluations prepared by IED in the preceding year, updates performance trends, and draws lessons and offers recommendations to guide ongoing and future operations.

ADB needs to address issues causing weak sustainability of its projects to improve performance, says the 2020 Annual Evaluation Review (AER) conducted by ADB’s Independent Evaluation Department.

In 2005, the energy sector emitted 88% of Uzbekistan’s 200 million tons of carbon dioxide equivalent greenhouse gas emissions. With the high solar irradiance and abundant land for solar development of Uzbekistan, solar energy was deemed as the most suitable resource that could quickly bridge the energy supply–demand gap, diversify the generation mix, and reduce emissions.

The project’s key objective was to demonstrate an innovative integrated ecosystem and water resources management that will improve the environmental conditions in the Baiyangdian Basin in Hebei province, southwest of Beijing. It focused on the need to conserve Baiyangdian Lake—one of the most important and vulnerable ecosystems in the People’s Republic of China (PRC). It would also contribute to achieving the goals of the Baoding municipality’s Eleventh Five-Year Environmental Protection Plan.

ADB has a vacancy for the position of Associate Project Analyst in the South Asia Department. The deadline for submitting applications is on 11 May 2020.

ADB has a vacancy for the position of Senior Project Assistant in the South Asia Department. The deadline for submitting applications is on 14 May 2020.

ADB has a vacancy for the position of Senior IT Officer (Project Management) (3 Vacancies) in the Information Technology Department . The deadline for submitting applications is on 22 May 2020.

ADB has a vacancy for the position of Procurement and Contracts Officer in the Office of Administrative Services. The deadline for submitting applications is on 22 May 2020.

ADB has a vacancy for the position of Associate Facilities Planning and Management Officer (Project Management) in the Office of Administrative Services. The deadline for submitting applications is on 22 May 2020.

ADB today approved a $200 million loan to pilot an integrated approach to river restoration in one of the tributaries of the Yangtze River Basin in the PRC. The project in...

This report presents nine case studies on poverty reduction projects financed by ADB in Mongolia, Nepal, the People’s Republic of China, the Philippines, Sri Lanka, Uzbekistan, and Viet Nam.

ADB joined the governments of Tonga and Australia in an inauguration ceremony today to officially mark the completion of upgrading work of the Mataki’eua water supply system as part of the ADB-supported Nuku’alofa Urban...

ADB, in partnership with the Bill & Melinda Gates Foundation, is providing more sanitary water-tight pit latrines for 330 homes in Mongolia's Arvaikheer city.

ADB has approved a $100 million loan for a demonstration project that will help clean up the Xin’an River in Anhui Province in the PRC. The project will also pilot an innovative financing mechanism to reduce rural pollution...

ADB today signed a $60 million loan deal (in Chinese Yuan equivalent) with Maxwealth Financial Leasing Co., Ltd. to improve municipal and industrial wastewater treatment capacity and standards in the People’s Republic of China...

This Annual Work Program for 2020 presents the priorities and activities for the Water Financing Partnership Facility (WFPF or the Facility), as administered by the Asian Development Bank (ADB).

ADB signed an agreement today to provide $8.32 million in financing to the Government of Pakistan to enable vital preparatory work ahead of a series of major projects to enhance water availability and increase agricultural...

This publication provides essential information on the planning, implementation, and management of improved water, sanitation, and hygiene (WASH) in schools, particularly for small and isolated rural settlements in Mongolia.

Providing safely managed sanitation services for all requires extending the partnership between the public and private sectors.

This video demonstrates how High Level Technology (HLT) can be harnessed by borrowers to help improve outcomes in procurement activities funded under ADB loans and grants.

This video outlines some of the benefits of Public-Private Partnerships (PPP) and the typical roles and activities assigned to various sector participants.

This video defines State-Owned Enterprises (SOEs) and guides borrowers on how to assess their viability to participate as bidders under ADB funded projects.

This video provides an overview of how ADB determines Noncompliance in Procurement and how borrowers can prevent Noncompliance activities from occurring.

Visiting the frontline of the Bayan Bayanihan emergency food program, ADB President Masa Asakawa lent a helping hand to deliver needed supplies to poor homes in Metro Manila.

Dentons’ Real Estate team advised CPI Property Group (CPI), the largest commercial property owner in the Czech Republic, Berlin and the CEE region, on the acquisition of a 50.3% share in the ownership of Chałubińskiego 8 office building in Warsaw. The divestment was made by First Property Group, an investment company and the manager of real estate funds operating in Great Britain and Central Europe.

The 2020/ 21 edition of IP Stars, the leading specialist guide to IP firms and practitioners worldwide developed by Managing IP, has recognized 33 of Dentons’ global Intellectual Property practitioners for their outstanding experience in contentious and non-contentious IP advice in the areas of trade mark and patent work.