China to set up North-West fertilizer company in Bangladesh

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Bangladesh
Country	Bangladesh
Start Date	Sep 16, 2008
End Date	Mar 11, 2026
Duration	6,385 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34113`

Grant Description

In meetings with Bangladesh on September 16, 2008, China expressed interest in setting up cooperations to invest in and establish the North-West Fertilizer Factory in Sirajganj, Bangladesh.

Chief Adviser Fakhruddin discussed China-Bangladesh relations as a friendship, and Bangladesh requested 560 million USD for the project, but China instead suggested a mixed credit scheme. As of April 2015, ministry officials have mentioned that the government still has plans to set this up.

📚 Sources & References

Three agreements signed between Bangladesh and China at summit talks; China assures preferential treatment for some Bangladeshi products’ access to Chinese market to reduce trade imbalance (Full story)
China offers $1b for 5 projects
Biggest fertiliser factory to be ready this year
Shahjalal Fertiliser Factory goes into operation by June Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.