Railway Sector Investment Program - Tranche 4 (ADB-32234-063)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
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
Mar 18, 2016
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)
$ 188.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 2, 2020

Disclosed by Bank Sep 29, 2016


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Project Description

A multitranche financing facility (MFF) was approved on 10 October 2006 to improve the performance of the railway sector and to increase the capacity of the existing rail network to handle traffic demand necessary to sustain Bangladesh''s economic growth. The MFF consists in financing four subprojects, out of which three are ongoing: (i) the construction of the 64 km Tongi Bhairab Bazar Double Line Project and the implementation of sector policy reforms designed to make Bangladesh Railway, more commercially focused (Tranche 1); (ii) the rehabilitation of yards, extension of loops and upgrading of signaling at different stations in the Darsana Ishurdi Sirajganj Bazar section (Tranche 2); and (iii) the procurement of 150 passenger carriages (Tranche 3). The proposed subproject (Tranche 4) will consist in funding the financing gap of Tranches 1 and 2. Most of the civil works have been completed as of December 2015.

Investment Description

Loan 3376-BAN: Railway Sector Investment Program - Tranche 4 (Additional Financing)
Ordinary capital resources US$ 50.00 million

Loan: Railway Sector Investment Program - Tranche 4
Japan International Cooperation Agency US$ 116.72 million

Export-Import Bank of Korea US$ 22.00 million


Contact Information

Accountability Mechanism of the ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at:
http://www.adb.org/site/accountability-mechanism/main

CONTACTS

Responsible ADB Officer Islam, Mohammad Nazrul
Responsible ADB Department South Asia Department
Responsible ADB Division Bangladesh Resident Mission
Executing Agencies
Bangladesh Railway
16 Abdul Gani Road
Bangladesh Railway, Rail Bhaban,
Dhaka, Bangladesh