Western Economic Corridor and Regional Enhancement Program (WB-P169880)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Jhenaidah-Bonpara–Hatikumrul
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
  • World Bank (WB)
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
A
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
Jun 30, 2020
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)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 735.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 30, 2019

Disclosed by Bank Jun 18, 2019


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Project Description

According to bank documents, "the proposed program will comprise of upgrading 260km of existing highway corridor11(hereafter referred to as the “program corridor”); upgrading and rehabilitating feeder roads; complementary logistics infrastructure improvements; and road sector modernization and capacity building. The program will also support the laying of Optical Fiber/Utility duct alongthe program corridor and selected feeder roads. The Asian Infrastructure Investment Bank (AIIB) will also support the program and finance the upgrading of 160Km (Jhenaidah-Bonpara–Hatikumrul) of the program corridor through a parallel financing arrangement."

Investment Description
  • World Bank (WB)

Co-financing:

  • IDA Credit US$ 400 million
  • IDA Guarantee US$ 180 million
  • Borrower/Recipient US$ 35 million
  • Unguaranteed Commercial Financing US$ 120 million
Contact Information

World Bank
Rajesh Rohatgi, Jan Erik Nora, Satheesh Kumar Sundararajan
Senior Transport Specialist

Borrower/Client/Recipient
Ministry of Finance

Implementing Agencies
Roads and Highways Department (RHD)
Riaz Jaber, Additional Chief Engineer
jaberra@gmail.com

Local Government Engineering Department (LGED)
Shahriar Abu, Project Director
shahriar269@gmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.