Project Data Sheet
Project 48911-001
Project Data Sheet
Project 48911-001
| Project Name | BHU: Development of Non-energy Private Sector Projects | ||||
| Project Number | 48911-001 | ||||
| Borrower / Company | |||||
| Country / Economy | Bhutan |
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| Location | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Private sector development |
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| Sector / Subsector | Industry and trade / Large and medium industries |
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| Gender | Some gender elements | ||||
| Responsible ADB Department | Private Sector Operations Department | ||||
| Responsible ADB Division | Infrastructure Finance Division 1 | ||||
| Responsible ADB Officer | Aoki, Ichiro | ||||
| Project Sponsor(s) | |||||
| Objectives and Scope | The Government of Bhutan has tasked Druk Holding and Investments Limited (DHI) to identify new industries whre commercially viable private sector projects could be developed and create more employment. To assist DHI in implementing the task, the project team has proposed the S-PPTA. | ||||
| Linkage to Country/Regional Strategy | The proposed S-PPTA is aligned with the Bhutan Country Partnership Strategy (CPS), 2014-2018, which mentions private sector development as one of the key agenda. The CPS states that, while Bhutan_s investment rate is expected to remain high, most of the investments are likely to continue going into the hydropower sector. In order to diversify the economic base and to create more job opportunities, promotion of private sector development is of critical importance for the country. | ||||
| Safeguard Categories | |
|---|---|
| Environment | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Business Opportunities | |
|---|---|
| Consulting Services | Type of Consultant: Firm The consultant is required to have expertise and technical qualification including, but not limited to the following: (i) proven track record of working for private companies in South Asia, ideally in Bhutan, (ii) sound knowledge of global practice in starting business; (iii) clear understanding of the market dynamics in each business category which the executing agency envisages; (iv) sound knowledge of Bhutan's commercial regulations and legislations relevant for the envisaged business; and (vii) expertise in formulating business plans and associated financing strategy. |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | - |
| Credit Committee Meeting | - |
| Approval | 21 Nov 2014 |
| PDS Creation Date | 10 Dec 2014 |
| Last PDS Update | 12 Dec 2014 |
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 21 Nov 2014 | - | 21 Nov 2014 | 31 Mar 2015 | 31 Aug 2016 | 31 Oct 2016 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 225,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 225,000.00 | 12 Dec 2014 | 147,000.00 |