Bangladesh: Third Public-Private Infrastructure Development Facility-Tranche 2
The Third Public-Private Infrastructure Development Facility (PPIDF 3), a financial intermediary (FI) multitranche financing facility (MFF), is a continuation of the Public-Private Infrastructure Development Facility and the Second Public-Private Infrastructure Development Facility addressing the infrastructure deficiencies in Bangladesh. The two earlier interventions provided long-term debt financing and catalyzed private sector participation through the implementing agency - Infrastructure Development Company Limited (IDCOL), which finances public-private partnership (PPP) projects reducing the pressure of direct financing on the public budget.
Project Details
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Project Officer
Zhang, Dongdong
South Asia Department
Request for information -
Country
Bangladesh -
Sector
- Finance
Related Projects
| Project Name | Third Public-Private Infrastructure Development Facility-Tranche 2 | ||||||
| Project Number | 42180-019 | ||||||
| Country | Bangladesh |
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| Project Status | Proposed | ||||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Partnerships Private sector development |
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| Sector / Subsector | Finance / Infrastructure finance and investment funds |
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| Gender Equity and Mainstreaming | Some gender elements | ||||||
| Description | The Third Public-Private Infrastructure Development Facility (PPIDF 3), a financial intermediary (FI) multitranche financing facility (MFF), is a continuation of the Public-Private Infrastructure Development Facility and the Second Public-Private Infrastructure Development Facility addressing the infrastructure deficiencies in Bangladesh. The two earlier interventions provided long-term debt financing and catalyzed private sector participation through the implementing agency - Infrastructure Development Company Limited (IDCOL), which finances public-private partnership (PPP) projects reducing the pressure of direct financing on the public budget. The PPIDF3 will help catalyze commercial financing through IDCOL-supported infrastructure subprojects with the value addition of supporting private sector development. The project expects to catalyze $789 million in private sector investments with at least eight subprojects through the regular OCR loan, and at least two renewable energy subprojects through the concessional OCR loan. The project also seeks to strengthen the institutional capacity of IDCOL to fulfill its mission as a flagship financial institution supporting PPP finance in the infrastructure sector. Tranche 2 will fund at least 6 infrastructure subprojects (including renewable energy and energy efficiency) amounting to (a target of) $250 million. |
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| Project Rationale and Linkage to Country/Regional Strategy | |||||||
| Impact | Investments in infrastructure increased (Bangladesh's Eighth Five-Year Plan, FY2021-FY2025) | ||||||
| Outcome | Private Sector investments in infrastructure, including the financing of renewable energy and energy efficiency facilities leveraged. | ||||||
| Outputs | Available long-term debt financing for infrastructure projects increased Take-out financing for infrastructure projects catalyzed IDCOL's institutional capacity strengthened |
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| Geographical Location | |||||||
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | FI |
| Indigenous Peoples | FI |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | Not applicable |
| During Project Implementation | Not applicable |
| Responsible ADB Officer | Zhang, Dongdong |
| Responsible ADB Department | South Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SARD |
| Executing Agencies |
Ministry of Finance Economic Relations Division (ERD), MOF Sher-e-Bangla Nagar, Dhaka_1207 Bangladesh |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | 18 Jan 2022 |
| Approval | - |
| Last Review Mission | - |
| Last PDS Update | 15 Sep 2017 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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| Title | Document Type | Document Date |
|---|---|---|
| Third Public-Private Infrastructure Development Facility-Tranche 2: Environmental and Social Safeguards Framework Arrangement | Documents Produced Under Grant/Loans/TA | Sep 2021 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
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Tenders
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Contracts Awarded
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Procurement Plan
None currently available.