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Showing posts with label World Bank. Show all posts
Showing posts with label World Bank. Show all posts

Sunday, 26 June 2016

22:03

Climate Change Poses Urgent Threat to Poor of Coastal Bangladesh

Climate Change Poses Urgent Threat to Poor of Coastal Bangladesh

STORY HIGHLIGHTS
  • Nearly 12 million people live in poverty in the coastal region of Bangladesh.
  • Poor households in coastal Bangladesh will confront increasingly severe challenges from climate change through heightened cyclonic inundation, rising river salinity, and increased soil salinity.
  • The World Bank is working with the Government of Bangladesh to enable poor households to adapt to the impacts of climate change.

Nearly 12 million people live in poverty in the coastal regions of Bangladesh. The climate already poses a challenge to the lives and livelihoods of these households, seen vividly in the damage caused by Cyclone Roanu a few weeks ago. New projections published by the World Bank suggest climate change will pose an even more severe challenge over the next three decades.   

“Climate change is a major issue for all of us, but particularly the poor and vulnerable”, said Research Director Asli Demirguc-Kunt, who recently hosted a Policy Research Talk on the issue. “It’s been leading to crop failures, natural disasters, and the spread of water-borne diseases, and it’s an important push factor for migration.”

Lead Environmental Economist Susmita Dasgupta, the main speaker at the event, presented the results of a seven-year body of research projecting the likely impact of climate change in coastal Bangladesh through 2050. Dasgupta’s projections highlight three current and growing risks with severe consequences for the poor: cyclonic inundation, river salinity, and soil salinity.

Perhaps the most visible of all threats, cyclones destroy lives and livelihoods with alarming regularity in coastal Bangladesh: severe cyclones strike every three years on average. Rising sea levels—a direct result of climate change—will increase the land surface exposed to high levels of cyclonic inundation by more than 50 percent.

Rising river salinity presents a less visible but equally damaging threat. River salinity increases health risks, causes a scarcity of drinking water and water for irrigation, and reduces the number of fish species—a critical source of protein for many households. Dasgupta projects a more than doubling of the number of poor exposed to saline rivers.

Increases in soil salinity will challenge a country where 48 percent of the labor force works in the agricultural sector. Dasgupta projects that soil salinity levels will exceed a critical threshold resulting in large yield losses in at least 24 sub-districts of Bangladesh by 2050, a pattern that is already evident in some sub-districts.          

The World Bank has been working closely with the Government of Bangladesh and other development partners on critical measures to enable poor households in coastal Bangladesh to adapt to the impacts of climate change. These include strengthening coastal embankments, construction of multipurpose emergency shelters, and improving early warning and evacuation systems.

But based on this new body of research, Dasgupta warned that more needs to be done. Many working-age adults have already been migrating out of threatened areas, and Dasgupta called for more efforts to provide vocational training and assistance to cope with the process of out-migration.

Another option is investment in roads outside the critical biodiverse areas of the UNESCO World Heritage Sundarbans. Those who remain in threatened areas will be able to take advantage of better connections to market centers.

“Bangladeshi households are in the forefront of climate change. Their behavior and their path to adaptation can help us understand how millions of households around the world will behave in the future,” said Dagupta. “Climate change is going to create severe poverty traps. Unless we address the climate change problem now, sustainable poverty reduction will remain a dream.”

Stéphane Hallegatte, a Senior Economist in the Climate Change Group of the World Bank, added that “if you can find a solution that works in coastal Bangladesh, it will be very useful for other coastal regions where the challenge is not as severe.”

Thursday, 26 May 2016

22:55

Indian Railways may soon get $500mil. World Bank loan for Stations Redevelopment project

Indian Railways may soon get $500mil. World Bank loan for Stations Redevelopment project

New Delhi: After securing a soft loan from Japan to build India’s first bullet train project between Ahmedabad and Mumbai, the ministry of railways will soon wrap up a similar loan from the World Bank for $500 million with a moratorium on interest payments for seven years for the purpose of re-developing existing stations to world standards.

The rail ministry will also soon seek Cabinet approval to hand over three identified stations to largest public sector construction company NBCC to make them world class. The railways has short-listed eight stations for re-developing them to world-class standards, which include Habibganj (Lucknow), Bijwasan and Anand Vihar (Delhi), Chandigarh, Surat, Gandhinagar, Mohali and Shivaji Nagar (Mumbai).

“The ministry is in a final stage to rope in World Bank for a $500-million loan with a moratorium of seven years for undertaking the redevelopment of stations. This will be in addition to Ambala and Ludhiana for which the French Rail Corporation has been given the consultancy,” a senior official of the Railway Board said.

The ministry of railways is adopting various strategies for the re-development of stations to world-class status. Accordingly, a Cabinet note has been initiated to entrust three identified stations to the National Building Construction Corporation (NBCC) on nomination basis, added the official.

The ministry of railways would next month come out with a modal document approved by the Railway Board, which would be the basis for the private players to become part of the exercise for redevelopment of stations to world-class standard.

The Cabinet had last year approved a plan to develop 400 A1 and A category stations to the world class standard. The Railways has held consultations with a large number of construction companies, including L&T, Reliance, Tata, Sapoorji-Pollonji, Bharti, ATS for their views on the road-map for redevelopment of stations, said the official.

“After the Modal Document is made available to public in June, the zonal railways will begin inviting proposals from the private players to take part in the redevelopment exercise,” said the official. The Habibganj station (Lucknow) will be the first to be awarded to the private player for re-development. The Railways has constituted Indian Railway Station Development Corporation (IRSDC), which will be the nodal agency to execute the re-development of the station project to the world class status.

Source:RailNews

Tuesday, 29 September 2015

09:41

Station development project to attract 20 billion USD: Suresh Prabhu


Station development project to attract 20 billion USD: Suresh Prabhu

New Delhi:  Days after a report that the Prime Minister’s Office had expressed concern over a slow pace of spending by the railways, minister Suresh Prabhu said they’d “far exceed” the capital expenditure target of Rs 8.5 lakh crore set for the five years till 2019, including this financial year’s budget target of a little over Rs 1 lakh crore. Maintaining that funds will not be a problem for completing infrastructural projects for the Railways, the Minister said the capital expenditure for this year will surpass the budget estimates.

The Minister was talking to reporters here on Monday on the 11th edition of International Railway Equipment Exhibition (IREE), scheduled from October 14 to 16 at Pragati Maidan. The IREE is organised by the Railway Ministry and the Confederation of Indian Industry. Prabhu said almost 89 per cent of the budget announcements made by him have been fulfilled.

Suresh Prabhu at a seminar
“We will easily surpass the target. The budget did not talk about the Dedicated Freight Corridor project, the funding for which, Rs 82,000 crore, was recently approved by the cabinet. We have already issued contracts worth Rs 15,000 crore in the six months of the current financial year. The rest will come soon,” he told reporters.

RM declarations
Additional spending would, he said, materialise from two other initiatives by the ministry. One is “using the money from customers like Coal India and Steel Authority of India for rail evacuation projects, for which memorandums of understanding are being signed with state governments and port connectivity projects.”

Prabhu also said he had, in a meeting last week with World Bank chief Mulyani Indrawati, discussed the possibility of creating a $30 billion fund to finance key rail projects. “We will make an announcement at the right time,” he said, refusing to share details but disclosing the Bank would act as anchor investor for creation of the proposed fund.
The minister said additional funding of $15-20 bn would soon materialise from implementation of the government’s plan to award contracts for redevelopment of 400 stations on the Swiss Challenge method, a model of project development under public-private partnership which was recently approved by the cabinet.

He also announced a plan to seek Rs 1.5 lakh crore from Life Insurance Corporation for investments in railway projects with a high rate of return has been approved by the board of the state-owned insurer. “Also, 17 states have given their approval for investments through creation of joint ventures for new line capacity creation projects. Putting all this together, we will exceed the Rs 8.5 lakh crore plan,” he said.

Prabhu also said at least Rs 70,000 crore will come “within the next few months” from award of two contracts — for setting up diesel and electric locomotive factories in Bihar, and supply of 15 electric multiple unit train sets or 315 railcars for improving the speed of Rajdhani and Shatabdi trains. Bids for the loco factories were opened by the ministry earlier this month; it is yet to announce the winners.

The Minister announced that the Railways has taken an ambitious programme of electrifying about 10,000 km of railway lines in the next five years. When asked for details of the funding, he said the government will announce it at the appropriate time. “Discussions are still taking place,” he added.

Prabhu said discussions with Japan and South Korea have progressed to build water-less odour-less toilets in trains. He said Google has offered cooperation to set up WiFi connectivity in stations and platforms.

Friday, 25 September 2015

07:41

Mulyani Indrawati, MD & COO, World Bank travels by Mumbai Suburban Local Train

Mulyani Indrawati, MD & COO, World Bank travels by Mumbai Suburban Local Train

Mumbai: The World Bank has shown interest in funding the city’s public transport infrastructure, including two Metro Railway projects planned in the western suburbs.

Going by the talks between World Bank MD Ms.Mulyani Indrawati and Chief Minister Devendra Fadnavis held on Tuesday, the funding may be extended for the 20-km D N Nagar-Dahisar (W) corridor, which will cost around Rs 4,388 crore, and the 16.5-km Andheri (E)-Dahisar (E) corridor, which costs an estimated Rs 4,183 crore.

She spoke to female commuters en route to understand their woes during commutation on Tuesday. She promised all support to upgrade Mumbai’s railway infrastructure.

Indrawati is on a three-day visit to India to explore opportunities for collaboration, a World Bank release had said on Monday. She is accompanied by Annette Dixon, the Bank’s Vice President for the south Asia region.

Indrawati said the bank would extend long-term loans to major transport infrastructure projects in the city and the rest of Maharashtra and was also positively considering its support for the two Metro projects on priority. The three local lines – the Western, Central and Harbour lines – together carry more than 10 million passengers a day, making the lifeline of the commercial capital that is home to close to 19 million people (in the island city alone) while the number of people in the Mumbai metropolitan region is well over 30 million.

The 32-km Colaba-Bandra-Seepz underground Metro corridor, which costs around Rs 24,000 crore, has already received funding from the Japan International Cooperation Agency. The detailed project report of another corridor between Kasarwadalavali and Wadala via Thane and Ghatkopar, which is estimated to cost around Rs 25,000 crore, is being drawn up to attract financers.

On Tuesday, Indrawati, who is also chief operating officer of World Bank, sought feedback from woman passengers while travelling on one of the Bombardier rakes that were recently procured under the Mumbai Urban Transport Project-II. “I travelled in the women’s compartment of a local train from Churchgate to Andheri. The commuters told me that they really appreciated the new trains, but raised concerns about security.” She also expressed the World Bank’s interest in getting involved in MUTP-III.

Among the issues raised by the commuters were better ventilation and security on trains and improved sanitation on railway premises. “There should be better ventilation as it becomes difficult to travel in crowded compartments during peak hours,” said commuter Roshni Bagdi, who lives in Andheri. Another commuter Jayshree M added, “The toilets on stations are not maintained and most women avoid using them.”

The woman commuters also demanded better frequency of services, especially on the Harbour line.

Lauding the state government’s initiatives to enhance the ease-of-doing-business index, Indrawati gave an assurance that the World Bank would aid the initiatives aimed at improving the city’s existing public transport. “We have a long tradition of partnering with the Railways and we have been investing in hard infrastructure. But now we also plan to invest in improving basic sanitation facilities on stations, and improve safety and security, increasing the frequency of services,” Indrawati said.

The World Bank is also keen on investing in the state’s agriculture sector. Fadnavis also called upon the World Bank delegation to extend their support to his pet project aimed at creating artificial lakes and ponds to strengthen the ground watertable.

Minister of state for urban development Dr Ranjit Patil, chief secretary Swadheen Kshatriya, additional chief secretary (finance) S K Shrivastav, ACS (protocol) Sumeet Malik, MMRDA commissioner U P S Madan, principal secretary to the CMO Pravin Pardeshi and UD secretary Manisha Mhasikar were present at Tuesday’s meeting.

“I had a very good meeting with the chief minister. He identified natural calamity resilience, urban services, including railways, and affordable housing as priority areas for the bank support to the state. I reiterated the bank’s willingness to work closely with the state government in these areas,” said Indrawati.  She also praised the state’s ‘ease of doing business’ policy and expressed keenness in partnering with the government to upgrade Mumbai’s public transport system.

Thursday, 23 July 2015

23:36

Mega System Contract Awarded on Eastern Corridor of Indian Railways

Mega System Contract Awarded on Eastern Corridor of Indian Railways

One of the flagship projects of Indian Railways namely Dedicated Freight Corridor continues to maintain implementation tempo. The Nodal PSU of Indian Railways entrusted with the implementation of this project namely Dedicated Freight Corridor Corporation of India Limited (DFCCIL) achieved yet another milestone by successfully awarding the System Contract for Bhaupur (Kanpur) - Khurja Section of Eastern Dedicated Freight Corridor (EDFC) Phase- I to AIL-ATSA JV. This section has a 343 kms. (Double Track) length. This contract has been awarded on Design Build lump sum basis at a cost of about Rs.1497 crore. The work involves Design and Construction of Electrification, Signalling, Telecommunication, Buildings and other associated works. The contract has been awarded through International Competitive Bidding Process. The work is funded by World Bank. 

The Electrification work includes Traction Power Supply, Over Head Equipment (OHE) and state of art SCADA for 2X25 kV System. The Signalling and Telecommunication work includes Automatic Signalling, Electronic Interlocking, Train Detection using Multi Section Digital Axle Counters (MSDAC), Train Management System, OFC based communication system, GSM-R based Mobile Train Radio Communication etc. The Building work includes Station Buildings, Operation Control Centre (OCC), Maintenance Depots and Residential Quarters. The Bhaupur-Khurja Section will have 10 stations at a spacing of 35-40 Kms of which 4 are Junction Stations connecting to Indian Railways for exchange of freight traffic. The system shall be designed to carry long Haul (1500 M.) Freight trains of 13000 tons at a maximum speed of 100 kmph and will improve the present average speed of 25 kmph on Indian Railway to 65 kmph. The contract for Civil Work is already awarded and the construction work is progressing at a fast pace. The complete Bhaupur – Khurja section is planned for opening during 2018. 

DFCCIL, a Special Purpose Vehicle (SPV) is engaged in planning, construction, operation and maintenance of the dedicated freight corridors and in the first phase, the two corridors, namely, Eastern Corridor from Ludhiana to Dankuni (1840 kms) and the Western Corridor from Dadri to Jawaharlal Nehru Port (JNPT) (1502 kms) are being constructed. The entire Western Corridor is being funded by Japan International Cooperation Agency (JICA), while the Eastern Corridor from Mughalsarai to Ludhiana is being funded by the World Bank. 

Source :PIBNEWS

Wednesday, 1 July 2015

21:14

World Bank approves $650 Mil (INR 4135 Crore) Loan for 1100 Mile Kolkata-Ludhiana Dedicated Freight Corridor

World Bank approves $650 Mil (INR 4135 Crore) Loan for 1100 Mile Kolkata-Ludhiana Dedicated Freight Corridor

EDFC-3 Project approved today by World Bank, will build the 401 km Ludhiana-Khurja section in Uttar Pradesh, Haryana and Punjab. The Project will help increase the capacity of these freight-only lines by raising the axle-load limit from 22.9 to 25 tons and enable speeds of up to 100 km/hr. It will also help develop the institutional capacity of the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to build and maintain the DFC infrastructure network

New Delhi: The World Bank Board approved a $650 million or Rs. 4,135 crore loan towards the third loan for a huge freight rail corridor i.e. Eastern Dedicated Freight Corridor (a freight-only rail line that will span 1,100 miles) to help faster and more efficient movement of raw materials and finished goods between the northern and eastern parts of India.

Construction of the Eastern Dedicated Freight Corridor will help speed up the carrying of goods between Ludhiana in Punjab and Kolkata in the East, and is part of a series of new freight lines the World Bank says India needs to ease congestion on its network.

“The Indian Railways urgently needs to add freight routes to meet the growing freight traffic in India, which is projected to increase more than 7 per cent annually,” Ben LJ Eijbergen, the Task Team Leader for the project, said in a statement.

The loan is the third from the World Bank to help fund the freight corridor.

Indian Railways are among the most extensive in the world but have struggled to expand to keep up with demand. This has hit freight carriers hard as they are forced to carry their goods by road, which is far more inefficient and expensive, to make room for passenger trains on the congested lines. The railway’s share of freight has fallen from 90 percent of cargo in 1950 to about one-third today.

The Eastern Corridor is 1,840 km long and extends from Ludhiana to Kolkata. The World Bank is supporting the Eastern Dedicated Freight Corridor (EDFC) as a series of projects in which the three sections with a total route length of 1,146 km will be delivered sequentially, but with considerable overlap in their construction schedules.

EDFC 3, approved today, will build the 401 km Ludhiana-Khurja section in Uttar Pradesh, Haryana and Punjab. The Project will help increase the capacity of these freight-only lines by raising the axle-load limit from 22.9 to 25 tons and enable speeds of up to 100 km/hr. It will also help develop the institutional capacity of the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to build and maintain the DFC infrastructure network.

“Implementing the Dedicated Freight Corridor program will provide India the opportunity to create one of the world’s largest freight operations. The corridor, which will pass through states like Uttar Pradesh and Bihar, will benefit from the new rail infrastructure, bringing jobs and much-needed development to some of India’s poorest regions,” said Onno Ruhl, World Bank Country Director in India. “Moving freight from road to rail will reduce the carbon footprint of freight by 2.25 times,” he added.

The first loan of $975 million for the 343 km Khurja-Kanpur section in the EDFC program was approved by the World Bank Board in May 2011 and is already under implementation. So far it has awarded contracts worth $700 million for this section. Compensation has been awarded for about 95 percent of the 1,410 ha of land being acquired from 29,253 affected farmers for EDFC1 (Khurja-Kanpur section). The second loan of $1.1 billion for EDFC2 which covers 402 km from Kanpur to Mughal Sarai was approved by the World Bank in April 2014. Under EDFC2, civil works contract for about $800 million has been awarded and contracts worth about $240 million, for establishing rail systems, are under procurement.

The EDFC is part of India’s first Dedicated Freight Corridor (DFC) initiative – being built on two main routes – the Western and the Eastern Corridors. These corridors will help India make a quantum leap in increasing the railways’ transportation capacity by building high-capacity, higher-speed dedicated freight corridors along the Golden Quadrilateral. Currently, the rail routes that form a Golden Quadrilateral connecting Delhi, Mumbai, Chennai and Kolkata, account for 16 percent of the railway network’s route length, but carry more than 60 percent of India’s total rail freight.

Augmenting its transport systems is a crucial element of India’s trillion-dollar infrastructure agenda. Since the 1990s, road transport has advanced more rapidly than the railways, and now accounts for about 65 percent of the freight market and 90 percent of the passenger market in India.

“The Indian Railways urgently needs to add freight routes to meet the growing freight traffic in India, which is projected to increase more than 7 percent annually. These freight lines will wholly transform the capacity, productivity, and service performance of India’s busiest rail freight corridors. At completion, it will be able to more than double its capacity to carry freight, with faster transit times, being more reliable and at lower cost,” said Ben L. J. Eijbergen, Lead Transport Specialist and Task Team Leader for the Project

Significant Green Impact: In addition to the efficiency improvement and other operational benefits, the Project is expected to bring in significant reductions of Green House Gas (GHG) emissions.

A Green House Gas Emission Analysis conducted by DFCCIL for the Eastern DFC Project shows that the Eastern corridor is expected to generate about 10.48 million tons of GHG emissions up to 2041-42, as against 23.29 million of GHG emissions in the absence of EDFC – a 55 percent reduction of GHG emissions.

Economic opportunities are also being explored along the freight corridor. The government is planning to set up 7 integrated manufacturing clusters using EDFC as the backbone. These clusters will be set up with an investment of about $1 billion on either side of EDFC.

The loan, from the International Bank for Reconstruction and Development (IBRD), has a 7-year grace period, and a maturity of 22 years.

Prime Minister Narendra Modi’s government, banking on big investment in infrastructure to boost the economy, approved a $137 billion or Rs.8.71 lakh crore investment plan for the railways in February.

Friday, 26 June 2015

22:44

World Bank to conduct Study on Kolkata Integrated Transportation System

World Bank to conduct Study on Kolkata Integrated Transportation System

Kolkata (KOAA): The World Bank will conduct a survey to figure out how the various transport options in the city – Metro Rail, bus, taxi, auto and ferry – can be integrated.

The $400,000-project, spread over two years, will focus on developing a transport roadmap for Kolkata with emphasis on waterways and “restoring” the city’s central business district, including Esplanade, after the bus terminus is shifted to Santragachhi in Howrah.

The survey would aim to integrate the various modes of transport in Kolkata and adjoining areas that now operate independently. A World Bank official said three global consultants would draw up a blueprint of integrating bus routes, among several other things.

“One of the thrust areas would be strengthening regular transport using the river route along the ghats of the Hooghly,” he said. “This has been completely untapped….” a Secretariat source said the state would not have to shell out any money for the study.

“Since we don’t have a blueprint to link the various modes of transport and cut down on travel time, this study would work as a ready reference material,” transport secretary Alapan Bandyopadhyay said.

A state official said the World Bank study would look at ways to realign bus routes once the East-West Metro takes shape and people keep switching from the North-South Metro to the new one for their daily movement. It would also focus on converging buses, trams, autos and other forms of transport with the upcoming Garia-Airport and Joka-BBD Bag Metro projects.

“The study would look at restoring Dalhouise and Esplanade to its old status once the central bus terminus is shifted to Santragachhi,” the World Bank official said. “If required we could fall back on the model that was used for restoring Panama.”

“We are now keen on Kolkata…. It holds immense possibilities as a gateway to the East and the North-east,” the official said. “The Centre, too, has adopted a Look East policy.”

The study would work on a single-ticketing system for the various modes of transport, develop integration points for smooth switch overs and clutter-free pathways that would connect the ghats to the nearest points of transport.

Wednesday, 13 May 2015

11:23

Govt in discussions with World Bank and ADB for a funding mechanism to fast track Rail projects

Govt in discussions with World Bank and ADB for a funding mechanism to fast track Rail projects

New Delhi; With capacity expansion a priority for Indian Railways (IR), the government is in discussion with the World Bank and Asian Development Bank (ADB) for a funding mechanism to fast track railway projects.

IR, senior officials told, could form a company or float a fund. “Discussion is on but we aim to get the funds flowing this year,” said one.

Last week, Finance Minister Arun Jaitley had said India’s partnership with ADB should move to a higher level. At the first business session of its 48th annual meet, at Baku in Azerbaijan, he sought its “deeper engagement” for developing smart cities, industrial corridors and railways, as part of the government’s flagship initiatives such as ‘Make In India’ and ‘Skill India’.IR says it has a shelf of pending projects originally estimated to cost Rs 491,510 crore. Of these, priorities such as doubling, new lines, gauge conversion, traffic facilities and electrification is estimated at Rs 208,054 crore. Officials said such prioritization can ensure a sustained flow of funds and focused attention given for completion. These will have a direct bearing on line capacity, ensuring higher earning and asset utilisation.

IR has identified 77 projects worth around Rs 1 lakh crore for being taken up in the first instance. Most of these are line doubling projects, where utilisation is more than 100 per cent of capacity. “One round of meeting with railway public sector units (PSUs) has already happened,” said an official.

Suresh Prabhu, the minister, had in his budget speech this February said IR would spend Rs 8.5 lakh crore over five years. “Around Rs 2.5 lakh crore of this would be raised as debt. This includes rolling stock financing through IRFC (the rail finance corporation). As the ministry cannot borrow, we are arranging debt either through IRFC or PSUs,” the official said. Lending from multilateral agencies would come through gross budgetary support from the ministry of finance, he added.Freight corridor

The World Bank, it has already been decided, is to fund a stretch of the 1,800-km eastern arm of the Dedicated Freight Corridor (DFC) project. The money is being planned in three tranches, for the stretches of Khurja-Kanpur, Kanpur-Mughalsarai and Khurja-Ludhiana.

Financing for the 725 km section between Ludhiana and Mughalsarai will be undertaken over three phases by the Bank. The first tranche of this loan, aggregating to $975 million (Rs 6,250 crore), has been signed.Another multilateral lending agency, Japan International Cooperation Agency (Jica), is funding the western corridor of DFC.

It is providing ¥677 billion (Rs 36,200 crore) as a loan to finance both construction and procurement of locomotives, on soft terms, for 40 years, with a payment moratorium of 10 years. The agreement for a first tranche of ¥90.2 bn for construction between Rewari and Vadodara and funding for Phase-II (Vadodara-Navi Mumbai port) for ¥266 bn has been signed.