The project will support the Government of Bangladesh in constructing the 102-kilometer (km) Dohazari-Cox's Bazar section of the Chittagong-Cox's Bazar railway corridor in southeastern Bangladesh. The government is rehabilitating the 47-km Chittagong-Dohazari section with its own funds. The project will also strengthen the capacity of Bangladesh Railway for project implementation management. The South Asia Subregional Economic Cooperation (SASEC) trade facilitation and transport working group endorsed the project at a meeting held in Tokyo on 26 November 2015.
The government has requested for a multitranche financing facility (MFF) in an amount up to $1.5 billion from ADB's ordinary capital resources (OCR) and Special Fund resources to help finance the project. An MFF using the time-slicing approach is proposed as the modality to finance this large-scale stand-alone project through long-term works, goods and services, and consultant contracts. The project was fully appraised as part of the due diligence for the MFF, and each tranche will finance parts of this project. The MFF allows a long-term partnership with the government for policy dialogue and capacity development.
MFF Facility Concept 0094-BAN: South Asia Subregional Economic Cooperation Chittagong-Cox's Bazar Railway Project, Phase 1
Ordinary capital resources US$ 1,410.00 million
Concessional ordinary capital resources / Asian Development Fund US$ 90.00 million
TA 0094-BAN: Capacity Development for Project Implementation Management
Technical Assistance Special Fund US$ 1.00 million
ACCOUNTABILITY MECHANISM OF 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
Responsible ADB Officer Roesner, Markus
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies Bangladesh Railway
16 Abdul Gani Road
Bangladesh Railway, Rail Bhaban,