Bangladesh: Sylhet to Tamabil Road Upgradation Project (AIIB-0000153)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Sylhet and Tamabil
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 31, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 268.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 435.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Oct 2, 2018


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Project Description

According to the AIIB, the objective of the proposed project is to improve cross-border connectivity between Bangladesh and India via a safe and efficient road link between Sylhet and Tamabil. The proposed project will result in: (a) reduced travel time for through traffic users (b) reduced number of traffic accidents and (c) increased number of populations with access to paved roads. Other intermediate indicators and the results monitoring framework to monitor the project progress and outcomes will be developed and finalized during appraisal.

Project components include:

1. Construction works. The project will support construction of road works, traffic engineering works and tolling facilities, e.g., installation of traffic management equipment and traffic surveillance, roadside service facilities, tolling and communication systems.

2. Consulting services. This component is comprised of two subcomponents, (a) for the project road, detailed design enhancements and construction supervision of the project and (b) for selected priority roads of Roads and Highways Department (RHD) network,feasibility studies (FS), environmental and social safeguards and preliminary designs.

3. Operation and Maintenance. This component will support the purchase essential equipment for RHD to introduce new technologies to improve O&M supply chain for Sylhet Division area.This essential equipment will also support private sector contractors and local communities to improve the efficiency and quality of maintenance works.

4. Project management supports and capacity building. This component is comprised of the project management costs of the project implementation unit. The project will also support the training, capacity building and institutional development of RHD for operating, managing and maintaining the RHD networks of the project division areas

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:

Government of Bangladesh US$ 167 million

Contact Information
AIIB
Luquan Tian
ProjectTeam Leader/Principal Investment Operations Specialist
Tel: +86-10-8358-0284
Email: lq.tian@aiib.org
 
Borrower
Dr. AKM Matiur Rahman
Joint Secretary, Economic Relations Division, Ministry of Finance
Tel: +880(2) 9112162
Email: matiur1968@yahoo.com
 
Implementation Agency
Ebne Alam Hasan
Chief Engineer, Roads and Highways Department
Ministry of Road Transport and Bridges
Tel: +880 (2) 8879299

ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.