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Bangladesh: Natural Gas Infrastructure and Efficiency Improvement

SUMMARY

STATUS
Approved
ECONOMY
Bangladesh
SECTOR
Energy
E&S CATEGORY
Category A
PROJECT NUMBER
000015

FINANCING

PROJECT TYPE
Sovereign
APPROVED FUNDING
USD60 million
FINANCING TYPE
Cofinanced

TIMELINE

LATEST FIELD VISIT
March 2019
CONCEPT REVIEW
December 16, 2016
APPRAISAL REVIEW/FINAL REVIEW
February 13, 2017
FINANCING APPROVAL
March 22, 2017
LOAN CLOSING/LAST DISBURSEMENT
June 30, 2022

OBJECTIVE

The objective  is to improve efficiency in gas production in the Titas Gas Field and expand gas transmission pipeline capacity between Chittagong and Bakhrabad.

DESCRIPTION

The Project includes two components. Under component one, seven wellhead compressors (5 operating and 2 stand-by) will be installed in the Titas Gas Field to help improve gas production efficiency to maximize recovery from Titas Gas Field. Under component , a 181 km, 36-inch gas transmission pipeline will be constructed. The  pipeline will constitute a trunk transmission pipeline between Chittagong and Bakhrabad to transport regasified LNG to central and west gas markets.

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

The Bank has decided to apply ADB’s Safeguard Policy Statement (2009) (ADB SPS) to the Project because:

(i) it is consistent with the Bank’s Articles of Agreement and materially consistent with the provisions of the Bank’s Environmental and Social Policy and relevant Environmental and Social Standards; and

(ii) the monitoring procedures that ADB has in place to ascertain compliance with the ADB SPS are appropriate for the Project. Under the ADB SPS, the Project has been assigned Category B for Environment, Category A for Involuntary Resettlement, and Category C for Indigenous Peoples. As required by the Bank’s Environmental and Social Framework and Policy, the Project is assigned Category A.

The Environmental and Social safeguard documents have been disclosed and posted on the following website: https://www.adb.org/projects/45203-006/main#project-documents.

PROJECT TEAM LEADER

Hongliang Yang

Principal Investment Operations Specialist

hyang@aiib.org

 

BORROWER

Masuma Akter

Economic Relations Division
Ministry of Finance
People’s Republic of Bangladesh

Email: makter72@yahoo.com

 

IMPLEMENTATION AGENCY

Masuma Akter

Economic Relations Division Ministry of Finance People’s Republic of Bangladesh

Email: makter72@yahoo.com

 

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