Bangladesh: South Asia Subregional Economic Cooperation Dhaka-Northwest Corridor Road Project, Phase 2 (Tranche 3)

The project will improve the road connectivity and efficiency of the Dhaka-Northwest international trade corridor, the second busiest artery in Bangladesh. This is part of a multitranche financing facility comprising four tranches. Each tranche finances slices of a group of contracts per the indicative tranche schedule, and the amount for each tranche is requested based on disbursement progress and projection.

PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

28 Nov 2023

Loan

Bangladesh

Transport/Road

Ongoing

$461.50 million

KEY OUTPUTS

Upgraded Elenga-Hatikamrul-Rangpur Road of the Dhaka-Northwest international trade corridor

Enhanced institutional capacity in road operation and management of the Roads and Highways Department (RHD) of the Ministry of Road Transport and Bridges of the Government of Bangladesh

FINANCING

$300 million (Asian Development Bank Ordinary Capital Resources)

$161.5 million (Government of Bangladesh)