The Asian Infrastructure Investment Bank (AIIB) has approved a loan of US$75 million for the US$261 million Rampura-Amulia-Demra Expressway project in Bangladesh.
The Project involves the design, construction, and operation of a 12.5 km access-controlled highway. This includes an 8.15 km elevated section and a 4.35 km at-grade section, achieved through the enhancement of an existing two-lane undivided road. The Project commences at the Chittagong Interchange, providing access to National Highway N1, connects to National Highway N2 at the Demra access point, and concludes at the densely populated Rampura Interchange in Dhaka. The proposed road will have a width of approximately 18 m in the elevated portion and 32 m in the at-grade section.
The funding for the project amounts to US$193 million, sourced from a senior loan provided by the Asian Infrastructure Investment Bank, Bank of China, DBS Bank Limited, and Infrastructure Development Company Limited, a financial institution headquartered in Bangladesh. The remaining US$68 million is contributed by sponsors as equity investments. The Asian Development Bank (ADB) played a key role in structuring the project, negotiating agreements, executing tenders, and providing support for the commercial award and financial closure. This initiative aims to enhance connectivity between Dhaka and the eastern and southeastern districts of Bangladesh, including cities like Chattogram, Narayanganj, and Sylhet, thus offering commuters faster access to their destinations. ADB is also involved in advising the government on the Joydebpur Mymensingh Expressway PPP project, which aims to improve connectivity to 10 special economic zones. The Rampura Amulia Demra Expressway project will be managed under a 25-year concession period by a consortium comprising China Communications Construction Company Limited and China Road and Bridge Corporation.
Bangladesh's Roads and Highways Department has selected a joint venture between China State Construction (CSCEC) and Spectra Engineers to build a 1.1 km long, 320 m steel arch bridge over the Bra...
Read moreThe Dhaka Mass Transit Company Limited (DMTCL) has intended to prequalify firms for the design, manufacturing, installation, test and commissioning of the Dhaka Mass Rapid Transit Developmen...
Read moreThe Korean government has secured the right to negotiate a US$1 billion water supply project for an industrial park in Bangladesh.
Read moreThe Roads and Highways Department in Bangladesh has announced that a Bangladesh-China joint venture firm has been selected for one of the four packages of the BDT 35.83 billion (US$325.21 million...
Read moreInternational Finance Corporation (IFC) has announced that it will contribute up to US$8.1 million loan equivalent in Bangladesh Taka (BDT) to Labaid Cardiac and General Hospital as a senior-secu...
Read more