Advancing Cooperation in the Maritime Sector in South Asia Subregional Economic Cooperation Program (ADB-53175-001)

Regions
  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • India
  • Maldives
  • Myanmar
  • Sri Lanka
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
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 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
Proposed
Bank Risk Rating
U
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.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.50 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 Sep 16, 2019

Disclosed by Bank May 9, 2019


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Project Description

According to the bank document, this technical assistance will support advancing cooperation in the maritime sector of five countries Bangladesh, India, Maldives, Myanmar, and Sri Lanka under the South Asia Subregional Economic Cooperation Program.

The initiative will focus on addressing common issues adversely impacting on the performance of the subregion's ports, especially of their container operations. The initiative will provide relevant studies, analytical work, and identification of infrastructure projects designed to enhance maritime connectivity in South and Southeast Asia, and ensure effective knowledge sharing and capacity development of the relevant agencies on how best to address these issues.

 

Investment Description
  • Asian Development Bank (ADB)

United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility  US$ 1.50 million

Contact Information

Responsible ADB Department South Asia Department

Responsible ADB Division Regional Cooperation and Operations Coordination Div, SARD

Executing Agencies

Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

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