Project ID: 39022

Chinese Government provides RMB 50 million interest-free loan for 6th Bangladesh-China Friendship Bridge Construction Project (Linked to Project ID #33941 and #41981)

Commitment amount

$ 15098762.642234953

Adjusted commitment amount

$ 15098762.64

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Bangladesh

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2002-01-11

Actual start

2005-04-28

Actual complete

2008-02-18

Geography

Description

In 2002, the Chinese Government provided an RMB 50 million grant (Project ID#41981), an RMB 60 million grant (Project ID#33941), and an RMB 50 million interest-free loan (Project ID#39022) for the 6th Bangladesh-China Friendship Bridge Project. These grant and interest-free loan commitments were codified in Economic and Technical Cooperation Agreements (ETCA) that were signed on January 11, 2002, and December 24, 2002. The Jamuna Multi-Purpose Bridge Authority (JMBA) signed a project implementation contract with China Road & Bridge Corporation (CRBC) on December 27, 2004. A groundbreaking ceremony took place on January 27, 2005. Construction began on April 28, 2005. The 1521 meters long and 10 meters wide bridge was officially opened to traffic on February 18, 2008. Several sources indicate that RMB 141 million of grant funding was ultimately disbursed for the construction of this bridge. The Muktarpur bridge is located over the Dhaleshwari (Dhaleshwari) River, a tributary of the Meghna River, and on Dhaka-Munshigonj road. It is 37 kilometers southeast of Dhaka. The construction of the bridge sought to establish a fixed transport link between Dhaka city and Munshigonj, which is one of the major supply areas of agricultural products to the capital city. The district of Munshigonj, separated by Dhleshwari river is situated 30 km south of Dhaka. It consists of 6 upazilas, 67 union parishads, 662 mousaz, 906 villages, 18 wards, 73 mahallas, and 2 municipalities.

Additional details

1. The Chinese project title is 援孟六桥——达雷斯瓦里河公路桥. 2. The 6th Bangladesh-China Friendship Bridge Project is also known as the Muktarpur Bridge (Bangla translation: মুক্তারপুর সেতু).

Number of official sources

10

Number of total sources

19

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Bangladesh [Government Agency]

Implementing agencies [Type]

China Road & Bridge Corporation (CRBC) [State-owned Company]

Jamuna Multi-Purpose Bridge Authority [Government Agency]

Government of Bangladesh [Government Agency]

Loan Details

Interest rate

0.0%

Bilateral loan

Interest-free loan

Investment project loan