Bangladesh: Jamuna River Economic Corridor Development Project

GRANT SUMMARY INFORMATION

SPECIAL FUND TYPE

PPSF Grant

MEMBER

Bangladesh

SECTOR

Water

PROJECT NUMBER

S000638

FINANCING

APPROVED AMOUNT

USD5 million

TIMELINE

APPROVAL DATE

September 28, 2022

DESCRIPTION

The project aims to increase climate resilience and navigation capacity along the Jamuna River in Bangladesh through flood and riverbank erosion management, navigation channel development, disaster risk financing for community protection, and community engagement and institutional building. The development of the Jamuna River Economic Corridor is also being financed in parallel with support from the World Bank.

The Project Preparation Special Fund (PPSF) grant will be used to conduct preparatory activities to enhance implementation readiness and the quality of the proposed investment. Specifically, the grant will support consultancy services for the preparation of environment and social documents and the conduct of a feasibility study on river course stabilization, riverbank protection, and erosion control of the Jamuna River.

The PPSF grant will be implemented by Bangladesh Water Development Board (BWDB) under the Ministry of Water Resources (MoWR).

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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

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