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Bangladesh: Natural Gas Infrastructure and Efficiency Improvement

SUMMARY

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

FINANCING

APPROVED FUNDING
USD60 million
FINANCING TYPE
Sovereign

TIMELINE

CONCEPT REVIEW
December 16, 2016
APPRAISAL REVIEW/FINAL REVIEW
February 13, 2017
FINANCING APPROVAL
March 22, 2017
LATEST FIELD VISIT
March 2019
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

Raqib Ahmed Chowdhury

Investment Operations Specialist

raqib.chowdhury@aiib.org

 

BORROWER

Md. Shahriar Kader Siddiky

Joint Secretary,
Economic Relations Division,
Ministry of Finance, Government of the People’s Republic of Bangladesh

wingchief08@erd.gov.bd

 

IMPLEMENTING ENTITY

Managing Director

Bangladesh Gas Fields Company Limited (BGFCL)

md@bgfcl.org.bd

 

Managing Director

Gas Transmission Company Limited (GTCL)

md@gtcl.org.bd

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