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

Countries
  • Bangladesh
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 24, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.32 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 2, 2020

Disclosed by Bank Aug 25, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

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
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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

How it works

How it works