46904-014: PRAN Agribusiness Project

Project Data Sheet (PDS): Overview


Description

ADB will support the development of new agribusiness production facilities by PRAN, the largest food and agribusiness group in Bangladesh. As part of its vertical integration and import substitution strategy, PRAN will invest in a liquid glucose plant and a flour mill. The project also includes a frozen food processing plant. Frozen food produced will be mainly flat breads made from flour. Maize and wheat will be procured from local farmers to produce liquid glucose and flour. ADB will provide a $25.1 million loan to the new project company, which will be guaranteed by several existing group companies. This is ADB s first non-sovereign agribusiness project since 1985. It reflects PSOD s strategy of being more active in sectors with high development impact potential, particularly in Asian Development Fund countries such as Bangladesh Read More

Country Bangladesh
Borrower/Equity Investment Name SYLVAN AGRICULTURE LIMITED
Project Number 46904-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7358
Approval Date 08 Aug 2012
Closing Date 26 Dec 2014
Geographical Location Danga and Olipur
Sector / Subsector Classification Not yet classified
/ For Classification
Thematic Classification Not yet classified
Safeguard Categories Environment: B
Resettlement: C
Indigenous People: C

 

 

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Project Data Sheets (PDS)

Translated PDS

Responsible ADB Officer
Martin Lemoine
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 1

PDS Creation Date
11 Jul 2012

Last PDS Update
18 Sep 2013

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