Bangladesh: Mymensingh Kewatkhali Bridge Project (AIIB-0000163)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Mymensingh city
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
Aug 1, 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)
$ 152.60 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)
$ 235.10 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

The objective is to address cross-river bottlenecks at strategic locations.

AIIB document states that the proposed project consists of two components:
1. Construction works and consulting services. The project will support the construction of Kewatkhali Bridge about 900 meters in length and approach road about six kilometers in length. Other ancillary works to make the project bridge fully functional are also included, e.g., installation for traffic management equipment and traffic surveillance, construction for O&M facilities, and tolling and communication systems.
 
2. Project management support 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$ 82.5 million

Contact Information
AIIB
Luquan Tian
Project Team Leader/
Principal Investment Operations Specialist
Tel: +86
(10) 8358 0284
Borrower
Dr. AKM Matiur Rahman
Joint Secretary
Economic Relations Division, Ministry of Finance
Tel: +880(2) 9112162
Implementation Agency:
Ebne Alam Hasan
Chief Engineer
Roads and Highways Department, Ministry of Road Transport and Bridges
Tel: +880 (2) 8879299
Email: ce@rhd.gov.bd


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.