The role of the Asian Development Bank in port development finance.

Abstract

The Asian Development Bank (ADB) is an international partnership of 47 member nations, promoting economic and social progress in the Asia/Pacific region. Its principal functions are defined, the financing of projects classified into 3 broad groups of rehabilitation, expansion and development of new ports, and the work involved in the process of awarding finance to a project is explained. Finance criteria are discussed for the subheadings: priorities and long term development plan; traffic forecasts and expected trends in shipping; operational improvements to increase port efficiency; port management and administration; engineering studies and technical investigations; tariffs and cost recovery; economic viability of port investments; project implementation is covered by role of executing agency; procurement under ADB guidelines; consultants role; delays and disputes. Repayment of loans is discussed for lending terms, financial management and action plan. (A.J.)