ADB and Bangladesh sign $200m loan to boost urban infrastructure

20 Sep 17

The Bangladesh government and the Asian Development Bank signed a $200m loan agreement yesterday, to strengthen urban infrastructure, service delivery, and management in Bangladesh’s municipalities. 

The additional financing for the Third Urban Governance and Infrastructure Improvement (sector) Project will increase the total ADB loans for the project to $325m. 

The project’s focus is on climate resilience and gender equity, such as flood protection, urban roads, water supply and sanitation, solid waste management. 

It also emphasises on strengthening municipal financial management through system and procedural enhancements. 

“The ongoing project for improving urban infrastructure and services in 30 municipalities nationwide has been progressing well,” said Kazuhiko Higuchi, country director of the ADB.

“The strong performance has enabled additional loans to further enhance the benefits of the project and bring them to a larger group of people around the country,” he added. 

The project is expected to be completed in 2021. 

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