Information Technology Parks for Employment and Innovation (ADB-50140-001)

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
Aug 24, 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.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.32 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 Aug 7, 2017

Disclosed by Bank Aug 25, 2016


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Project Description
DESCRIPTION During the 2015 programming mission, the government requested to include the project supporting development of the information technology (IT) parks in the list of Asian Development Bank (ADB)''s future pipeline projects, and the project was subsequently reflected as a 2017''s lending pipeline project in Bangladesh's country operations business plan, 2016 -2018. As a request of the government, ADB fielded four missions including a reconnaissance mission on 19 -30 May 2016, and an initial project concept was developed and agreed. An amount of $225,000 is proposed to be drawn for this small-scale project preparatory technical assistance (TA) to help preparatory works for designing the proposed loan, Information Technology Parks for Employment and Innovation Project in a timely manner. The TA outline was confirmed by the government during ADB's reconnaissance mission in May 2016, and re-confirmed during ADB's consultation mission in August 2016. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY One of the challenges to spur industry development is limited IT infrastructure. The government has already taken initiatives including developing a number of IT parks which can form the hubs for the industry development by aggregating physical, human, and research and development resources. Currently, two parks, Kaliakoir Hi-Tech Park and Jessore Software Technology Park, are being developed with public private partnership (PPP), partly supported by the World Bank. With ADB's support, the government expects to develop replicable models including construction of research and development buildings and business incubation centers from these two for other IT parks. IMPACT Design of high quality IT park projects in Bangladesh improved CONSULTING SERVICES The executing agency of the TA will be the Bangladesh Hi-Tech Park Authority, ICT Division, Ministry of Posts, Telecommunications and Information Technology. ADB will recruit consultants in accordance with ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). Consultants will be recruited through a firm. PROCUREMENT The simplified technical proposal and quality- and cost-based selection method with quality-cost ratio of 90:10 will be used. Equipment to be used for the TA implementation will be procured in accordance with ADB's Procurement Guidelines (2015, as amended from time to time). They will be turned over to the government upon completion of the TA implementation. Disbursements will be done in accordance with the TA Disbursement Handbook (May 2010, as amended).
Investment Description
  • Asian Development Bank (ADB)
TA 9160-BAN: Preparing Information Technology Parks for Employment and Innovation Technical Assistance Special Fund US$ 225,000.00 TA: Information Technology Parks for Employment and Innovation (Supplementary) Technical Assistance Special Fund US$ 100,000.00
Contact Information
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 Tajima, Eisuke Responsible ADB Department South Asia Department Responsible ADB Division Human and Social Development Division, SARD Executing Agencies Ministry of Post, Telecommunications and Information Technology Bangladesh Secretariat Dhaka Abdul Gani Road, Dhaka-1000