Status : Active Phase : Planning (Under appraisal) Reference: 20130588 Release date: 03 July 2014 Promoter Financial Intermediary : BANGLADESH RAILWAY Location : Bangladesh Sector(s) : Transport Proposed EIB finance (Approximate amount) : EUR 130 million Total cost (Approximate amount) : EUR 555 million Description : Construction of a second track and upgrading of the existing track on the 72 km section between Laksam and Akhaura in eastern central Bangladesh. The project is part of a broader program to upgrade, by 2020, the whole 321 km rail corridor between the capital Dhaka and Chittagong, the second city and main national port. The line is part of the southern corridor of the Trans Asian Railway network, promulgated in 1999 by the UN Economic and Social Commission for Asia and Pacific. The project will also facilitate the rail connection of the landlocked NE States of India with a seaport. Objectives : The proposed operation is in line with the objectives of the 2014-2020 External Lending Mandate through its contribution to the development of economic infrastructure and climate change mitigation. The government%s 2011-2015 Five Year Plan and 2004 National Land Transport Policy highly prioritise the development of this rail corridor. The project is also consistent with the EU Country Strategy Paper, 2007-2013 due to its contribution to enhancing trade, investment and economic development. Environmental aspects : If situated in the EU, the project would fall under Annex II of the EIA Directive. In accordance with domestic legislation, it has been automatically screened in for a full EIA procedure. EIA scoping was completed in May 2013 and the preparation of the Environmental Impact Assessment report is currently ongoing. The process and outcome of the EIA procedure is to be assessed during appraisal. The project will require the acquisition of about 60 ha of land entailing permanent involuntary resettlement of about 1460 households/businesses and about 720 agricultural plots plus generate some temporary rail and limited road traffic disruption. Compliance with relevant EIB Social Standards will be reviewed. Procurement : The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank%s Guide to Procurement.
Project completion date : 2015-07-31 12:00:00
Major organization : BANGLADESH RAILWAY
Address : Dhaka, Bangladesh Website : www.railway.gov.bd
Financier : European Investment Bank (EIB),
Financier address : Financier : European Investment Bank 98-100, boulevard Konrad Adenauer L-2950 Luxembourg Website : www.eib.org/ Tel : (+352) 43 79 1 Fax : (+352) 43 77 04