INDIAN INS1I1UL CI 1LCnNCLCG knAkAGUk

kCILC1 LNGINLLkING AND MANAGLMLN1

llN4Ncl4L 51uuY ON 1n l4MuN4 8klu6
PkOlc1 Ol 84N6L4u5n 45 ON Y4k 2000


4NlL kuM4k cnnO1u
kOLL NO11lu0k0


kCILC1 DISCkI1ICN
1 1he !amuna 8lver whlch ls one of Lhe worlds largesL rlvers physlcally dlvldes 8angladesh lnLo Lwo
halves Lhe easL and Lhe wesL 1he easLern half of Lhe counLry ls more developed Lhan Lhe wesLern half
parLly because of lLs access Lo Lhe caplLal uhaka and Lo lnLernaLlonal markeLs Lhrough ChlLLagong porL A
hlgher proporLlon of poor people llve ln Lhe wesLern half parLlcularly ln norLhwesLern of 8angladesh
whlch has a populaLlon of abouL 30 mllllon
2 unLll Lhe pro[ecL brldge was consLrucLed Lhe ?amuna 8lver was crossable malnly by ferrles and Lo a
lesser exLenL by launches and manually operaLed boaLs 1he absence of a permanenL ?amuna 8lver
crosslng had consLralned economlc and soclal developmenL ln 8angladesh parLlcularly on Lhe wesLern
slde and had exacerbaLed reglonal dlsparlLles AlLhough Lhe CovernmenL had for some Llme accorded a
hlgh prlorlLy Lo esLabllshlng a permanenL crosslng lL had noL bullL a brldge malnly because of lLs hlgh
cosL relaLed Lo Lhe wldLh of Lhe rlver lLs flow volume depLh uncerLalnLy of lLs course and oLher
Lechnlcal lssues
3 1he maln ob[ecLlve of Lhe ro[ecL was Lo connecL Lhe easLern and wesLern halves of Lhe counLry
separaLed by Lhe !amuna 8lver and Lhus help sLlmulaLe economlc growLh by faclllLaLlng Lhe LransporL of
passengers and frelghL and Lhe Lransmlsslon of elecLrlclLy naLural gas and LelecommunlcaLlons across
Lhe ?amuna 8lver more economlcally and efflclenLly ln addlLlon Lhe ro[ecL was Lo esLabllsh a rallway
connecLlon beLween Lhe easL and Lhe wesL ln a cosLeffecLlve manner
4 8ecause of lLs expecLed ma[or developmenL lmpacL Lhe ro[ecL was accorded hlgh prlorlLy by Lhe
CovernmenL of 8angladesh 1he ro[ecL was also conslsLenL wlLh Lhe Aslan uevelopmenL 8anks (Au8s)
CounLry CperaLlonal SLraLegy and LransporL secLor sLraLegy lL provlded essenLlal lnfrasLrucLure and
emphaslzed Lhe sLrong llnks beLween poverLy reducLlon good governance and prlvaLe secLor
developmenL uue Lo Lhe large slze complexlLy and Lhe large fundlng requlremenLs for Lhe ro[ecL Lhe
CovernmenL soughL asslsLance from Au8 Cverseas Lconomlc CooperaLlon lund (CLCl) and World
8ank
3 1he ro[ecL envlsaged Lhe consLrucLlon of a brldge over Lhe !amuna 8lver abouL 7 kllomeLers (km)
souLh of Slra[gan[ wlLh provlslon for road lanes and capable of supporLlng an elecLrlc power
lnLerconnecLor LelecommunlcaLlons cables a gas plpellne and a meLer gauge rallway 1he ro[ecL
comprlsed (l) consLrucLlon of a brldge 48 km long and 183 meLer (m) wlde Lo carry lnlLlally four road
lanes wlLh sldewalks and capable of supporLlng an elecLrlc lnLerconnecLor a gas plpellne
LelecommunlcaLlon faclllLles and a meLer gauge rallways




kCILC1 CCS1S AND IINANCING LAN
1he LoLal pro[ect cost aL appralsal was esLlmaLed aL 5696 m||||on equlvalenL whlch was based
on acLual bld prlces obLalned under lnLernaLlonal compeLlLlve blddlng (1C8)1he esLlmaLed
forelgn exchange cosL was $309 mllllon (73 percenL) and Lhe esLlmaLed local currency cosL was
$187 mllllon (27 percenL) 1he esLlmaLe lncluded 94 percenL of Lhe LoLal base cosL of Lhe
ro[ecL for physlcal conLlngencles lL provlded for an annual prlce escalaLlon of 31 percenL for
forelgn exchange cosLs and 6 percenL for local currency cosLs 1he actua| costs esLlmaLed by Lhe
ro[ecL CompleLlon 8evlew Mlsslon (C8M) were 57S37 m||||on wlLh forelgn exchange cosLs of
$3812 mllllon (77 percenL of LoLal cosL) and local currency cosLs of $1723 mllllon (23 percenL
of LoLal cosL)
1A8LL1 SUMMAk CI kCILC1 CCS1 LS1IMA1LS A1 AkkAISAL AND AC1UAL LkANDI1UkLS
( 5 MILLICN )


AkAISAL
LS1IMA1LS
AC1UAL
LkLNDI1UkLS

CCMCnLn1S lC8LlCn
LxCPAnCL
CCS1
LCCAL
Cu88LnC?
CCS1
1C1AL
CCS1
lC8LlCn
LxCPAnCL
CCS1
L0CAL
Cu88LnC?
CCS1
1C1AL
CCS1
8ASL CCS1
1CCn18AC1 1
MAln 88luCL
17897 4143 22040 18370 3900 22270
2CCn18AC1 2
8lvL8 18AlnlnC
20720 3683 24403 23161 3800 26961
3CCn18AC1 3
Anu 4
A8CACP 8CAu
2618 2672 3290 2890 3386 6276
4CCnSuL1lnC
Su8vlCLS
2268 432 2700 2730 240 2970
3C1PL8S 3230 3230 2300 3349 6049
1C1AL(A) 43303 16182 39683 49631 14873 64326
8CCn1lnCLnClLS
1P?SlCAL 4333 1087 3620
28lCL 2864 1431 4293
1C1AL(8) 7397 2318 9913 8467 238C 10847
1C1AL S0900 18700 69600 S8118 172SS 7S373
8ASIC DA1A
A L0AN IDL1IIICA1ICN

1 CounLry


8AnCLAuLSP
2 Loan number 1298
3 ro[ecL 1lLle ?amuna 8rldge ro[ecL
4 8orrower eoples 8epubllc of 8angladesh
3 LxecuLlng Agency 1he equlvalenL ln varlous currencles of
Su8143607 mllllon ($2000 mllllon equlvalenL)
from Lhe Aslan uevelopmenL 8anks (Au8s)
Speclal lunds resources

6 C8 nuM8L8 C8 8An 397

8DA1LS
lnlLlal ulsbursemenL
03 CcLober 1994

llnal ulsbursemenL
30 SepLember 2000 (esL)

1lme lnLerval
6 years and 1 monLh

LffecLlve AugusL 1994 Crlglnal Closlng uaLe
30 !une 1999
1lme lnLerval
3 years and 9 monLhs


CIINANCING LAN

A8AlSAL LS1lMA1LS AC1uAL
Aslan uevelopmenL 8ank 20000 20699
World bank 20000 19911
Cverseas Lconomlc CooperaLlon
lund
20000 20000
1he governmenL 9600 14763
















DCASn ILCW kCILC1ICN ICk 1nL IAMUNA 8kIDGL

?LA8 1C1AL CCS1($MlLLlCn) 1C1AL 8LvLnuL
($MlLLlCn)
nL1 lnCCML
($ MlLLlCn)
1998 3333 339 33
1999 3898 632 2422
2000 3933 768 3727
2001 4817 836 3343
2002 6079 906 2981
2003 7316 1069 3374
2004 11031 1133 499
2003 13338 1244 898
2006 13680 1314 34
2007 14639 1390 739
2008 13484 1611 2626
2009 13061 1707 4009
2010 13233 1807 4837
2011 14272 1914 4868
2012 13740 2029 433
2013 13383 2336 7973
2014 17018 2498 7962
2013 19137 2647 7333
2016 20202 2807 7868
2017 21318 2977 8432
2018 20388 3464 14032
2019 19793 3674 16947
2020 20063 3897 18903
2021 21274 4133 20036
2022 22949 4384 20891
2023 22312 3109 28778
2024 18937 3420 33263
2023 16069 3749 41421
2026 16309 6046 43931
2027 17670 6336 4389
2028 16827 7346 36633
2029 13913 7720 61287
2030 16138 8138 63422
2031 17423 8476 67337
Add|t|ona| deta||s
1ota| Costs CperaLlon malnLenance plus debL servlce (prlnclpal plus lnLeresL)
1ota| kevenue 8oad Lolls plus oLher revenue sLreams
Net Income 1oLal revenue mlnus LoLal cosLs



CALCULA1ICN CI IINANCIAL GAINS CI IAMUNA 8kIDGL

neL resenL value (nv) _
Cush PIow
t
(1+)
n
n
=1
lnvesLmenL

nv3233831whlch ls negaLlve so noL ok
8eneflL cosL raLlo(8C8)1311 SC noL ok
Ll88168
CCNCLUSICNS



O 1he ro[ecL has been saLlsfacLorlly lmplemenLed and ls raLed hlghly successful 1he maln
ob[ecLlve of Lhe ro[ecL has been meL connecLlng Lhe easLern and wesLern parLs of Lhe
counLry separaLed by Lhe !amuna 8lver Lhrough a flxed llnk 1he ro[ecL wlll sLlmulaLe
economlc growLh by faclllLaLlng Lhe LransporL of passengers and frelghL and Lhe
Lransmlsslon of elecLrlclLy naLural gas and LelecommunlcaLlons across Lhe !amuna 8lver
more economlcally and efflclenLly
O ln addlLlon a dual gauge rall Lrack has been provlded on Lhe brldge ln a cosLeffecLlve
manner WlLhouL Lhe ro[ecL 8angladesh would have conLlnued lLs ferry operaLlons wlLh
hlgh CM cosLs and loss of llves due Lo frequenL floods and overloaded boaLs ln addlLlon
30 mllllon people llvlng ln Lhe norLhwesLern parL of 8angladesh would noL have en[oyed
easy access Lo Lhe easLern slde of 8angladesh 1here would also had been less passenger
and frelghL Lrafflc across Lhe !amuna 8lver resulLlng ln lower lnduced beneflLs
O Clven Lhe large slze and complexlLy of Lhe ro[ecL lnvolvlng Lhree fundlng agencles Lhe
pro[ecL performance demonsLraLes Lhe lmporLance of preparaLory work lor Lhe ro[ecL
Lhls lncluded pro[ecL plannlng deslgn procuremenL early aLLenLlon Lo envlronmenLal and
soclal measures deLalled lmplemenLaLlon arrangemenLs and a sLrong CovernmenL
commlLmenL demonsLraLed by advance acLlons 1he ro[ecL also shows Lhe general
capablllLy of Lhe CovernmenL Lo lmplemenL large and complex pro[ecLs wlLh many
sLakeholders glven Lhe sLrong supporL of Lhe Lhree pro[ecL flnanclers

O lrom Lhe resulL of flnanclal parameLer llke nv 8C8 we conclude LhaL Lhls pro[ecL ls noL
accepLable 8uL Lhls ls a much needed pro[ecL for 8angladesh as l sald lL connecL easLern and
wesLern parL of counLry So as a soc|a| pro[ect lL was compleLed and governmenL of
8angladesh ls noL Lhlnklng much abouL proflL from Lhls pro[ecL



8LlL8LnCLS
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