45961 - InfraV - PSA BAY TERMINAL

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Summary of Investment Information

Project Number

45961

Company Name

PSA BANGLADESH PTE. LTD.

Date SPI Disclosed

Jan 20, 2022

Country

Bangladesh

Region

South Asia

Environmental Category

C - No Impact

Status

Pending Disbursement

Last Updated Date

Mar 8, 2022

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Signed : Aug 30, 2021

Sector

Port and Harbor Operations

Additional Project Attributes

Public-Private Partnerships

Project Description

International Finance Corporation (IFC), a member of the World Bank Group (WBG), together with PSA International Pte Ltd (“PSAI”) are collaborating on the co-development of a new container terminal in Ananda Bazar, North Halishohor, Bangladesh (“the Project”). The Project is being developed under a Government-to- Government Public Private Partnership approach. PSAI is currently carrying out its feasibility studies for the Project. Subject to being awarded, PSAI is expected to be the lead developer of the Project and will work together with IFC as co-developers. PSA may invite other partners as co-developers of the Project. The Project footprint will be located in the larger area of the Bay Terminal port project, under development by the Chattogram Port Authority (CPA). CPA’s broader Bay Terminal port development is not part of the Project proposed to be financed by IFC.

IFC and PSAI are working together through an early stage, upstream Joint Development Agreement, under which IFC is expected to contribute up to $3.0 million to the development budget for project development expenses. This is a nationally critical project which is expected to be the first-ever private port concession in Bangladesh. It will contribute to more efficient trade flows for Bangladesh, improving Bangladesh's connectivity with the regional economy.

Sponsor / Cost / Location

E&S Category Rationale / Risks and Mitigation

IFC funding will, amongst others, be used to finance an Environment and Social Impact Assessment (ESIA) and/ or other E&S studies for the Project, as needed (the “E&S studies”). The E&S studies for the Project will be undertaken by PSAI and will meet applicable E&S laws and IFC Performance Standards (“IFC PSs”) such that the Project is designed, constructed, and operated in compliance with IFC PSs and other relevant and applicable E&S requirements, including the requirements of the International Maritime Organization (“IMO”). Potential Project E&S risks to be identified and addressed in the E&S studies by PSAI and its contractors includes, as minimum: cumulative and induced impacts; impacts from associated facilities; shoreline modifications and coastal processes; capital and maintenance dredging and dredge spoil disposal; climate change; contextual risks; biodiversity and ecosystem services; economic and physical displacement and livelihood impacts; impacts on indigenous people; community health, safety and security; labor working and living conditions and occupational health and safety; cultural heritage; emissions and disposal to land, marine environment and air; management of hazardous materials, wastes and dangerous cargo; ship support operations (such as sewage disposal, bilge, wastewater effluent disposal, garbage disposal and bunkering services); borrows areas for reclamation; and management of non-routine and accidental events, including emergency preparedness and response.

Contacts

For Inquiries About the Project, Contact

PSA International Pte Ltd.
Lee Peng Gee
Vice President, Group Business Development
+65 62747111
PGLEE@globalpsa.com
1 Harbour Drive, #03-00 PSA Horizons, Singapore 117352
www.globalpsa.com

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Telephone: 202-473-3800
Fax: 202-974-4384

Local Access of Project Documentation

N.A.

IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

For IFC projects that are active or under consideration, individual(s), or their authorized representative(s), who allege they have been or will be adversely affected by E&S risks or impacts arising from IFC's clients' business activities, may submit a complaint to IFC directly for consideration. When receiving an E&S complaint, IFC engages with complainants and works with its clients to find solutions to E&S concerns as quickly and efficiently as possible.

Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

Independent of IFC and MIGA management and reporting directly to the IFC and MIGA Boards of Executive Directors, CAO helps resolve issues raised about the environmental and social impacts of projects through a neutral, collaborative, problem-solving approach via its Dispute Resolution function. It also reviews IFC’s and MIGA’s compliance with environmental and social policies, assesses related harm, and recommends remedial actions through its Compliance function. Additionally, CAO provides advice to IFC, MIGA, and their Boards to enhance environmental and social sustainability performance and minimize the risk of harm.

Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

Complaints can be submitted by any of the following methods:

Online form: available at https://www.cao-ombudsman.org/
Mail/Hand Delivery to: 2121 Pennsylvania Avenue, NW, Washington, DC 20433, USA
Voice mail: +1 202 458 1973
Email: cao@worldbankgroup.org
SMS, WhatsApp, Telegram, and Signal: +1 202 650 2627

CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Collaboration or Co-Development Project (SCCP) is prepared by IFC to disclose a factual summary of the main elements of this IFC Collaboration or Co-Development project. It may also include, early in the environmental and social assessment process, findings and recommendations related to environmental and social considerations regarding this project and, once available, an Environmental and Social Impact Assessment (ESIA) and other relevant environmental and social studies. The purpose of the SCCP is to enhance the transparency of IFC’s activities. IFC considers that this SCCP is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. The ESIA or other environmental and social studies (once disclosed) should not be taken as an indication that IFC has completed its review of the project. Any project documentation or data included or attached herein has been authorized for public release by IFC’s partners in the project. The SCCP may be periodically updated after publication. The following SCCP is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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