Bangladesh: Hatikumrul-Bonpara-Jhenaida Phase I Road Improvement Project (AIIB-000366)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
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.
Borrower
Government of India
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)
$ 333.90 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)
$ 494.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 14, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank's website, "The Project will upgrade a 57.2 km section of existing two-lane road from Bonpara to Jhenaida to four lanes, add slow-moving vehicle traffic lanes on both sides of the main carriageway, and provide optical fiber cable (OFC) to expand the country's broadband connectivity and enable "smart highways" along the project alignment. The loan will finance road construction, OFC, consulting services, training and capacity building, equipment purchase, and ITS systems."

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
Government of Bangladesh USD 160.3 million

Contact Information

AIIB
Roberto Salgado, Investment Operations Specialist – Transport
roberto.salgado@aiib.org

Borrower
Md. Shahriar Kader SiddikyJoint Secretary
Economic Relations Division
Ministry of Finance
wingchief-asia@erd.gov.bd

Implementation Agency
Quazi Shahriar Hossain
Roads and Highways Department
Ministry of Road Transport and Bridges
People’s Republic of Bangladesh
ce@rhd.gov.bd


ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.